"Investors interested in ETFs will find this book an extremely useful resource. Virtually every topic related to ETFs is covered, in an unbiased, comprehensive, and easy-to-understand manner." (Advisor Perspectives, December 2007)
"The ETF Book is an excellent compendium of the background, structural drivers, pros and cons of ETFs, as well as the strategies that can be advanced using them. Years from now, this book will be noted for introducing index strategy boxes as a powerful analytic." (SFO Magazine, April 2008)
From the Inside Flap
Exchange-traded funds (ETFs) are revolutionizing the investment industry. From their introduction in 1993, ETFs have expanded exponentially over the past fifteen years. By 2008, there will be more than 1,000 ETFs available on U.S. exchangeswith assets totaling well over $1 trillion. That's why you, as an informed investor, need to know what makes ETFs unique, how they work, and which funds may help you achieve your financial goals.
Written by veteran financial professional and experienced author Richard Ferri, The ETF Book gives you a broad and deep understanding of this important investment vehicle and provides you with the tools needed to successfully integrate exchange-traded funds into any portfolio.
This detailed, yet clearly articulated guide contains the most up-to-date information on navigating the growing number of ETFs available in today's marketplace. Divided into four comprehensive parts, this guide addresses everything from ETF basics and in-depth fund analysis to the tax benefits of using ETFs. Included are a variety of portfolio management strategies using ETFs and examples of different model portfolios that you can easily adapt to your own invest-ment endeavors.
Whether you're just getting started or are a seasoned ETF investor, The ETF Book will help enhance your understanding of this evolving field by:
Examining the fundamental differences between exchange-traded portfolios
Highlighting how to effectively implement a wide selection of ETFsfrom equity and fixed income ETFs to commodity and currency ETFs
Exploring specific ETF strategiesfrom buy and hold to market timing and sector rotation
Introducing Index Strategy Boxesa new way to understand index construction and how a fund is investing your money
And much more
Each chapter of The ETF Book offers concise coverage of various issues. It is filled with in-depth insights on different types of ETFs and practical advice on how to select and manage them. The appendixes are an added benefit, offering an ETF Resource List, which will point you to more places for information on these structures, and a detailed Glossary to help you with industry-specific definitions.
The ETF Book is an invaluable road map for developing a winning investment strategy. Armed with the knowledge found throughout these pages, you'll be prepared to build a solid portfolio of ETFs that will benefit you for years to come.