- Hardcover: 400 pages
- Publisher: Wiley; Updated edition (August 24, 2009)
- Language: English
- ISBN-10: 0470537469
- ISBN-13: 978-0470537466
- Product Dimensions: 6.2 x 1.4 x 9.1 inches
- Shipping Weight: 1.4 pounds (View shipping rates and policies)
- Average Customer Review: 38 customer reviews
- Amazon Best Sellers Rank: #338,530 in Books (See Top 100 in Books)
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Other Sellers on Amazon
+ $3.99 shipping
+ Free Shipping
+ $3.99 shipping
The ETF Book: All You Need to Know About Exchange-Traded Funds Hardcover – August 24, 2009
|New from||Used from|
Frequently bought together
Customers who bought this item also bought
From the Inside Flap
When the original edition of The ETF Book was first published in2007, it immediately became the source for cutting-edge informationon many exchange-traded products (ETPs)mainly exchange-tradefunds (ETFs). The book has still not been surpassed, but with themarketplace for ETPs quickly evolving, now is the perfect time forthe Updated Edition of The ETF Book.
This detailed, yet clearly articulated guidewritten byveteran financial professional and experienced author RichardFerricontains the most up-to-date information on navigatingthe growing number of ETPs available in today's market. Dividedinto four comprehensive parts, this revised resource introduces youto everything from successful structures such as bond funds,commodities funds, and currency funds to concepts such as activelymanaged ETFs that have recently become a reality. Along the way,you'll gain valuable insight into how you can effectively integrateETFs into any portfolio.
Becoming an informed investor means that you need to know whatmakes ETFs unique, how they work, and which funds may help youachieve your financial goals. Whether you're just getting startedor are a seasoned investor, the Updated Edition of The ETF Bookwill help enhance your understanding of this dynamic field by:
Detailing the different types of ETPs, including ETFs,exchange-traded notes (ETNs), grantor trusts, and unit investmenttrusts (UITs)
Exploring the latest ETF strategiesfrom buy, hold, andrebalance to market timing and sector rotation
Highlighting how to implement a wide selection of ETPsfromequity and fixed income to commodities and leveraged funds
Examining the fundamental differences between index-basedETPs
Introducing Index Strategy Boxesa proven way to understandindex construction that is the basis for how most ETPs areinvested
And much more
As an added benefit, this book's appendixes offers an ETFResource Listwhich will point you to other sources thatdiscuss these structuresand a detailed Glossary to help youwith industry-specific definitions.
The Updated Edition of The ETF Book has everything you need todevelop a winning investment strategy. Each chapter is filled withnew insights on different types of ETFs and practical advice on howto select and manage them. Reflecting the most recent changes inthis field, the Updated Edition of The ETF Book will prepare you tobuild a solid portfolio of ETFs that will benefit you for years tocome.
From the Back Cover
The Etf Book
All You Need to Know About Exchange-Traded Funds
Richard A. Ferri, CFA
Don Phillips, Managing Director, Morningstar
Praise for the previous edition of
The Etf Book
"In The ETF Book, Rick covers the nuts and bolts of ETFs, thenuances of index creation, and even strategies for putting afinancial plan based on ETFs into place. He even goes so far as tosuggest an innovative new means of classifying and thinking aboutthese new vehicles. In short, he's done the heavy lifting and thebackground research that investors need to go forth knowledgeablyinto this exciting new world."
From the Foreword by Don Phillips, Managing Director,Morningstar
"Though less than fifteen years since the S&P 500 SPDRintroduced the first ETF, ETFs now come in an ever-growing range ofasset classes and market segments based on a wide variety of stockselection and weighting approaches. Rick Ferri's book, combinedwith his ETF classification system, is a first-rate guide to theseimportant investment tools."
David M. Blitzer, PhD, Managing Director and Chairman of theIndex Committee, Standard & Poor's
"Choosing from among the burgeoning selection of ETFs is liketrying to drink from a fire hose. Luckily for investors, there'sRick Ferri and The ETF Bookan essential guide to choosing theright investments as well as how to build a solid portfolio. Foryears, I have highly recommended Rick's books to my readers andhave kept my own well-worn copies close at hand. The ETF Book willjoin my small pile of frequently referenced books next to mycomputer."
Robert Brokamp, Editor, The Motley Fool's Rule YourRetirement service
"Rick Ferri has put together a gem of a book on ETFsandthat is remarkable, because he was shooting at a moving target.It's hard to imagine a more thoughtfuland usefuloverview of the exchange-traded product market. He's got itall here: what they are, how they're different, what they can do,and best of all, how to use them."
Jim Wiandt, Editor, Journal of Indexes, and Publisher of ETFRand IndexUniverse.com
"The ETF Book is a complete guide to understandingexchange-traded fundsthe investment vehicle of choice for anincreasing number of investors and advisors. Written in Rick'sinformative, easy-to-read style, this book is filled with practicalstrategies and advice designed to help investors build smarter,stronger portfolios using ETFs."
Anthony Rochte, Senior Managing Director, State Street GlobalAdvisors
Try the Kindle edition and experience these great reading features:
Read reviews that mention
Showing 1-7 of 38 reviews
There was a problem filtering reviews right now. Please try again later.
Goodby to broker miss-information and obfuscation. And I don't have to send a check to some unknown mutual fund in a far city, I can buy them from a local online broker without hidden loads.
Finally the investment industry comes of age. About time. And the 1099 tax statement is finally provided each year by the online broker.
About the Kindle edition: the Kindle formating is pretty bad. The line spacing compared to the type size is very close and tight, which makes for tiresome reading. Some books' formats simply don't seem to convert well for Kindle, and this is one of them.
On the plus side for Kindle: all the tables and charts are readable; although you may need to look closely, the text is readable, which is more than I can say for some Kindle editions of books with charts & graphs.
I have been a long-term fan of low-cost, passive investing (i.e. index funds) and have read all of Mr. Ferri's books. Recently, I have begun using ETFs in place of index funds.
Mr. Ferri's book is a well-researched, complete guide to ETFs. I believe it will be viewed as the definitive ETF book because of its wide-ranging coverage of everything from how ETFs can be used in a portfolio to details of ETF construction.
The practical tips (e.g. don't trade an ETF at the beginning or end of a trading day) alone are worth the price of the book. Also, I really like the detailed information on how various ETFs (e.g. gold ETFs) are constructed.
Great resource for individual investors as well as for professionals!
This book does a great job in INTRODUCING indexing and ETF's. It covers a lot of ground about various types of ETFs their pros and cons. There are lot of finer points spread throughout the book which are interesting for people starting new and are hard to come across on web for an average web user like me - eg: pros and cons of Vanguard ETF (VIPER) structure where its ETFs are another class of shares of its index mutual funds. I would have rated this 5 stars except for some repetition of text multiple times in multiple chapters about types of indexing etc in Parts II and Part III of the book. Model portfolios section could have been dealt better.
Ferri's work is a credit to the field, surely a credit to him and I'll add a credit to Walsh College (where I believe Rick is on or was on the adjunct faculty).
This book helps you develop an understanding of one of the most important new investment options in the past 20 years. The book describes the differences between the various forms of exchange traded portfolios (e.g., Regulated Investment Company Open-End ETFs, ETNs, RIC Vaguard ETFs, etc.)
The book uses Index Strategy Boxes (a 3 by 3 which describes the method of security selection and security weighting within an index) as an effective framework to promote understanding of individual ETFs.
There are discussions of strategies for general (passive and active) and special cases (e.g., concentrated positions).
This is a bit heavier than Rick's earlier book "All About Asset Allocation" which I read in about a day, but it is definitely worth the time if you manage your own investments.
The ETF Book makes effective use of diagrams and tables, and has good references (books and websites) and a glossary.