Exchange traded funds, one of the most exciting new classes of funds, provide investors with an opportunity to get the benefits of individual stocks at the lower costs associated with mutual funds. Although they are a very new type of fund (they were first introduced in 1993), ETFs have nearly 100 billion in assets under management. Written by senior editors Jim Wiandt and Will McClatchy at IndexFunds.com, Exchange Traded Funds clearly explains this exciting class of funds for savvy individual investors and investment professionals alike. The authors provide a frank appraisal of the advantages of exchange traded funds including low management fees and lower capital gains taxes. They acquaint readers with the full range of what's available, and provide valuable information on evaluating the funds' usefulness and performance. They also describe proven strategies for using exchange traded funds to balance investment portfolios and manage long-term and short-term risk. IndexFunds.com is a Web site devoted to index funds. It currently hosts more than 100,000 visitors each month.
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Book Description
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Since the early 1990s when exchange traded funds (ETFs) first appeared on the financial landscape, many investors knew what they were, but few understood the full potential of these investment vehicles. Exchange Traded Funds fills this gap to both educate and dispel the myths associated with this popular new index product.
Written by the experts at Indexfunds.com, this comprehensive guide thoroughly examines how ETFs make investing money in equity indexes easy, direct, and inexpensive. Whether you're in the market for long-term gains or short-term profits, Exchange Traded Funds will show you how lower costs, greater tax efficiencies, and superb liquidity make ETFs the perfect tool for index investments.
Providing a clear definition of ETFs and a brief history of how they originated in the receipt-based commodities markets, this book sets the groundwork for any investor looking to ETFs for a reliable investment option. Understand the internal workings of this unique financial instrument and discover the different types currently offered, including SPDRs, iShares, Diamonds, QQQs, HOLDRs, and many more.
Exchange Traded Funds also compares the fees and performances of ETF index funds to traditional mutual funds, and lets you decide which fits your needs best. For the individual long-term investor, typical scenarios are reviewed-including the creation of a basic retirement portfolio, diversification with international and small company ETFs, avoiding duplication, and betting on sectors-so you can make the most out of your investment.
With an overview of how institutional investors use ETFs to help control risk, manage exposure, and soften the effects of fund management transitions, you can use proven professional advice to balance your own portfolio.
Various strategies, plans, and portfolios allow you to evaluate, buy, and sell ETFs while exploring how they actually work. Charts and graphs examine the most interesting developments in ETFs that have occurred abroad, from Canadian ETFs based on Canadian Government bonds to government-sponsored Hong Kong TraHKs and actively managed ETFs in Germany. The scope of ETFs has become enormous in a very short period of time and continues to grow. Exchange Traded Funds is the only place where you can see what the future holds for both foreign and domestic ETFs.
Put this unique new tool to work for you, with a single source of ETF data and information. With well over 100 products covering most major and minor market segments in the United States and across the globe, ETFs can be used to construct a portfolio suited to virtually anyone's financial plan. Exchange Traded Funds gives you the knowledge needed to excel in this exciting new investment field and provides a fascinating look into the modern world of money.
Written by the experts at Indexfunds.com, this comprehensive guide thoroughly examines how ETFs make investing money in equity indexes easy, direct, and inexpensive. Whether you're in the market for long-term gains or short-term profits, Exchange Traded Funds will show you how lower costs, greater tax efficiencies, and superb liquidity make ETFs the perfect tool for index investments.
Providing a clear definition of ETFs and a brief history of how they originated in the receipt-based commodities markets, this book sets the groundwork for any investor looking to ETFs for a reliable investment option. Understand the internal workings of this unique financial instrument and discover the different types currently offered, including SPDRs, iShares, Diamonds, QQQs, HOLDRs, and many more.
Exchange Traded Funds also compares the fees and performances of ETF index funds to traditional mutual funds, and lets you decide which fits your needs best. For the individual long-term investor, typical scenarios are reviewed-including the creation of a basic retirement portfolio, diversification with international and small company ETFs, avoiding duplication, and betting on sectors-so you can make the most out of your investment.
With an overview of how institutional investors use ETFs to help control risk, manage exposure, and soften the effects of fund management transitions, you can use proven professional advice to balance your own portfolio.
Various strategies, plans, and portfolios allow you to evaluate, buy, and sell ETFs while exploring how they actually work. Charts and graphs examine the most interesting developments in ETFs that have occurred abroad, from Canadian ETFs based on Canadian Government bonds to government-sponsored Hong Kong TraHKs and actively managed ETFs in Germany. The scope of ETFs has become enormous in a very short period of time and continues to grow. Exchange Traded Funds is the only place where you can see what the future holds for both foreign and domestic ETFs.
Put this unique new tool to work for you, with a single source of ETF data and information. With well over 100 products covering most major and minor market segments in the United States and across the globe, ETFs can be used to construct a portfolio suited to virtually anyone's financial plan. Exchange Traded Funds gives you the knowledge needed to excel in this exciting new investment field and provides a fascinating look into the modern world of money.
From the Back Cover
ETFs:
The exciting class of funds for the new millennium
"By now, most sophisticated investors have recognized the value of exchange traded funds as flexible and cost-effective tools for accessing global markets. Wiandt and McClatchy's book provides essential background on the rapid proliferation of ETFs worldwide, specific product information, and a range of useful investment applications for different types of investors, all in a highly readable framework."
-Steven A. Schoenfeld, Managing Director, Head of International Equity Management, Barclays Global Investors
"Exchange traded funds are the most exciting new investment vehicle that Wall Street has wheeled out in many years. In this clear, comprehensive new book, Jim Wiandt and Will McClatchy not only deliver the 'insider's guide' that their subtitle promises, but also help investors get their bearings in using these new instruments effectively."
-John Prestbo, Editor, Dow Jones Indexes
"Comprehensive, authoritative, and beautifully written. A must for both individual investors and professionals interested in this rapidly evolving area: Don't buy shares without it."
-William Bernstein, Efficient Frontier Advisors
"Exchange Traded Funds, like the Indexfunds.com Web site that its authors help run, is must reading for every investor who uses ETFs."
-Gary Gastineau, Nuveen Investments
"Exchange traded funds meet the two primary objectives for successful investing: they add value and they're cheap. From one cover to the other, this book provides insight into the ETF market that can benefit all investors."
-Diane Garnick, Global Investment Strategist, State Street Global Advisors
The exciting class of funds for the new millennium
"By now, most sophisticated investors have recognized the value of exchange traded funds as flexible and cost-effective tools for accessing global markets. Wiandt and McClatchy's book provides essential background on the rapid proliferation of ETFs worldwide, specific product information, and a range of useful investment applications for different types of investors, all in a highly readable framework."
-Steven A. Schoenfeld, Managing Director, Head of International Equity Management, Barclays Global Investors
"Exchange traded funds are the most exciting new investment vehicle that Wall Street has wheeled out in many years. In this clear, comprehensive new book, Jim Wiandt and Will McClatchy not only deliver the 'insider's guide' that their subtitle promises, but also help investors get their bearings in using these new instruments effectively."
-John Prestbo, Editor, Dow Jones Indexes
"Comprehensive, authoritative, and beautifully written. A must for both individual investors and professionals interested in this rapidly evolving area: Don't buy shares without it."
-William Bernstein, Efficient Frontier Advisors
"Exchange Traded Funds, like the Indexfunds.com Web site that its authors help run, is must reading for every investor who uses ETFs."
-Gary Gastineau, Nuveen Investments
"Exchange traded funds meet the two primary objectives for successful investing: they add value and they're cheap. From one cover to the other, this book provides insight into the ETF market that can benefit all investors."
-Diane Garnick, Global Investment Strategist, State Street Global Advisors
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Most Helpful Customer Reviews
18 of 19 people found the following review helpful:
4.0 out of 5 stars
Understandable primer on ETFs,
By A Customer
This review is from: Exchange Traded Funds: An Insider's Guide to Buying the Market (Hardcover)
While I have been following the growth of ETFs for a some time in the financial media, I've been confused about how to select them and why they're sound investment alternatives. This book provided sound discussions about the various funds and why this is a good investment strategy. The charts were helpful and overall this is a very well written investment book
13 of 18 people found the following review helpful:
4.0 out of 5 stars
Want to learn more about ETFs?,
By A Customer
This review is from: Exchange Traded Funds: An Insider's Guide to Buying the Market (Hardcover)
I did, and I found that this book gave me a clear and comprehensive knowledge base for this new (at least new to me) investment vehicle.
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Inside This Book
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Key Phrases - Statistically Improbable Phrases (SIPs):
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application first filed, traditional mutual funds, expense ratio, payment for order flow, authorized participant, agency trading, underlying shares, underlying stocks, tax efficiency, creation units, unit investment trusts, active funds, underlying equities, index shares, index fund Key Phrases - Capitalized Phrases (CAPs): (learn more)
Dow Jones, State Street Global Advisors, American Stock Exchange, Barclays Global Investors, Morgan Stanley, Hong Kong, Select Sector, United States, Bear Hunter, Country Baskets, Global Titans, Euronext Paris, Merrill Lynch, Wall Street, John Bogle, Nate Most, Salomon Smith Barney, Wolverine Trading, Deutsche Bbrse, Fund Democracy, World Equity Benchmark Shares New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
application first filed, traditional mutual funds, expense ratio, payment for order flow, authorized participant, agency trading, underlying shares, underlying stocks, tax efficiency, creation units, unit investment trusts, active funds, underlying equities, index shares, index fund Key Phrases - Capitalized Phrases (CAPs): (learn more)
Dow Jones, State Street Global Advisors, American Stock Exchange, Barclays Global Investors, Morgan Stanley, Hong Kong, Select Sector, United States, Bear Hunter, Country Baskets, Global Titans, Euronext Paris, Merrill Lynch, Wall Street, John Bogle, Nate Most, Salomon Smith Barney, Wolverine Trading, Deutsche Bbrse, Fund Democracy, World Equity Benchmark Shares New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 6
books:
See all 6 books this book cites
6
books
cite this book:
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- A Random Walk Down Wall Street: Including a Life-Cycle Guide to Personal Investing by Burton G. Malkiel in Front Matter, and page 12
- A Random Walk Down Wall Street, Fourth Edition 1985 by Burton G. Malkiel in Front Matter, and page 12
- Sun Microsystems by Vault Reports in Back Matter (1), and Back Matter (2)
- Nova Scotia by Jones in Back Matter
- Risk Management by Will on page 105
See all 6 books this book cites
- The Great Mutual Fund Trap: An Investment Recovery Plan by Gregory Arthur Baer in Back Matter (1), and Back Matter (2)
- Strategies for Investment Success: Index Funds by Will McClatchy in Back Matter
- State and Local Government Workers' Retirement Savings Guide by Bruce S. Stuart on page 23
- All About Index Funds (All About... (McGraw-Hill)) by Richard A. Ferri in Back Matter
- Mutual Funds: Risk and Performance Analysis for Decision Making by John A. Haslem in Back Matter
See all 6 books citing this book
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