Product Description

In just a decade, the exchange-traded funds (ETFs) market has grown from one billion dollars to more than half-a-trillion dollars.

While previous books have provided introductions to and listings of ETFs, ETF Strategies and Tactics offers practical guidance on how to invest in these funds and use them to balance your portfolio.

Written by a powerhouse authorial team, ETF Strategies and Tactics thoroughly covers the ins and outs of ETFs, detailing how they work, their distinctive characteristics, who trades them, who owns them, and their advantages and disadvantages compared with other investment vehicles. As markets evolve, new ETFs come and go. This authoritative reference will keep you on top of your game by providing focused decision-making techniques that help determine the viability of any ETF, including its value in sector and international investing.

While laying out a proven, systematic ETF investment plan, ETF Strategies and Tactics covers such valuable topics as:

• ETFs vs. mutual funds
• How ETFs are developed, what types of indexes are used, and the costs that determine returns
• How ETF regulations can help investors spot red flags in a fund and avoid tax problems
• The underlying tools of every ETF that can contribute to effective trading and minimized costs and taxes
• The proper use of ETFs based on an investor's goals and his/her ability to manage risk
• The unique short-selling opportunities associated with ETFs
• ETF options
• How to trade ETFs in the European market
• Inverse ETFs that go up when the market goes down

Complete with one-on-one interviews with professionals from major ETFs, as well as a number of valuable appendixes, ETF Strategies and Tactics is a unique guide you will keep at your fingertips during your day-to-day activities.

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Product Details

• Amazon Sales Rank: #443863 in Books
• Published on: 2008-03-24
• Original language: English
• Number of items: 1
• Binding: Hardcover
• 400 pages

From the Back Cover

The first hands-on guide to tapping into the $335 billion ETF market

ETF Strategies and Tactics is an unprecedented guidebook covering the mechanics of ETFs, complete with approaches and techniques for hedging positions, preserving capital, and protecting assets from market volatility.

Led by former chairman of the Chicago Mercantile Exchange, Laurence Rosenberg, the expert team of authors behind ETF Strategies and Tactics provides valuable insight into:

• How ETFs work
• Unique characteristics of ETFs
• The people who trade ETFs
• The types of investors who own ETFs
• Advantages and disadvantages of ETFs

There is no clearer or more practical resource for learning how to use ETFs to hedge risk at low cost than this one-stop guide.

About the Author

Laurence M. Rosenberg is former chairman of the Chicago Mercantile Exchange and served on the Exchange's Board for more than 20 years. He is currently involved in international consulting through his own Chicago-based company, LRosenberg Consulting.

Neal Weintraub teaches at the Chicgo Mercantile Exchange and is director of education and strategy for World Wide Associates, Ltd.. He is the author of Tricks of the Active Trader (McGraw-Hill).

Andrew S. Hyman

is marketing director at Fiske Walter Capital Management. He also holds institutional and public seminars on exchange-traded funds.

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Customer Reviews

Best of Breed & Best of Show!
IMHO the best book out on the subject to date. ETFs are an extremely underutilized investment instrument, and this book fills a void and provides a clear and concise survey of the many exchange traded funds available today. Not only is it highly informative, but is written in a witty and entertaining style as well. If you are a serious investor, you probably should have a few ETFs in your portfolio, and here is the title to get you started. Well worth the cover price.

Comprehensive overview of ETFs

Clear, concise overview of the different ways to use ETFs and what pitfalls to look out for. Highly recommended.

By far the most useful reference I've seen
When I decided that it was time to research ETF's to understand how they could help me broaden my investment possibilities and better manage my portfolio risk, I looked at all of the books on the subject at Amazon (for those who haven't yet used Amazon's "Look Inside" feature, it's highly useful). I wanted a general book that would give me basic information on all aspects of the market and could point me in whatever direction I needed for more detailed analysis, therefore I immediately eliminated those books that only focused on one topic such as technical trading or were pushing one specific strategy or a narrow set of strategies. Of those books that remained, "ETF, Strategies and Tactics" won the day, and I'm now very happy to have it my library. It's been a much-consulted guide as I work to incorporate ETF's into my portfolio decision-making processes.

Written by three consummate financial professionals, this book offers a thorough and outstanding introduction to all aspects of the various ETF markets, and its extensive bibliography and list of website links will point you in whatever direction you need to go to find additional information on topics of interest. The book is balanced, complete, and well-organized. The index is detailed, almost to a fault.

Given the overall organization of the book, the peerless reputation of the authors, and the extensive bibliography of links and other resources I can't imagine that there is a better or more practical introductory handbook available on the market. This book is written so that relatively inexperienced investors can benefit immediately, however due to the organization of the materials and comprehensive coverage of topics it will still be a useful quick reference even for experienced professionals. Five unqualified stars.