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Exchange Traded Funds: An Insider's Guide to Buying the Market
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Product Description
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
Product Details
- Amazon Sales Rank: #1017690 in Books
- Published on: 2001-11-09
- Original language: English
- Number of items: 1
- Binding: Hardcover
- 288 pages
Editorial Reviews
From the Inside Flap
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.
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
About the Author
Indexfunds.com is a Web site devoted to index funds. The site currently has nearly one million site page views each month with a growth rate of 10 percent monthly. The site has an e-mail newsletter, which circulates to some 7,000 people.
JIM WIANDT is the publisher of Indexfunds.com.
WILL McCLATCHY is a cofounder of Indexfunds.com.
Customer Reviews
Understandable primer on ETFs
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
Want to learn more about ETFs?
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.
