The ETF Book: All You Need to Know About Exchange-Traded Funds (Google eBook)

Front Cover
John Wiley & Sons, Jan 4, 2011 - Business & Economics - 416 pages
5 Reviews
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. Each chapter of The ETF Book offers concise coverage of various issues and is filled with in-depth insights on different types of ETFs as well as practical advice on how to select and manage them.
  

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Review: The ETF Book: All You Need to Know About Exchange Traded Funds

User Review  - Chad Olson - Goodreads

As interesting as expected...I was looking for more guide than fact. Index composition was interesting, though not etf specific. Read full review

Review: The ETF Book: All You Need to Know About Exchange Traded Funds

User Review  - Clem - Goodreads

Definitely an informative read about the ETFs and I learnt quite a fair bit, even though some parts can be a little too technical and over my head. Some points are also often repeated so many times it ... Read full review

Contents

Defining ETFs
Exchange Traded Portfolios
Overview of the Contents
Summary
ETFs Are a Growth Industry
A Short History of Mutual Funds
The Future of ETFs
Summary
A Partial List of Industry ETFs
Summary
Thematic Investing
Actively Managed Indexes
Leveraged and Short ETFs
Hedging with ETFs
Special Equity ETFs List
Summary

Acts like a Fund Trades like a Stock
ClosedEnd Fund Issues
ETFs to the Rescue
Summary
The Expanding ExchangeTraded Universe
Putting It All Together
Summary
The Positive Aspects of ETFs
The Negative Aspects of ETFs
Guide to ETF Characteristics
The First Filings
The Advantages of Actively Managed ETFs
Disadvantages of Actively Managed ETFs
Summary
A Definition of Market Indexes
A Definition of Custom Indexes
Details of Market Indexes
Details of Custom Indexes
A Different View on Indexes
Indexes Follow Rules
Index Strategy Boxes
Market Indexes and Custom Indexes
Summary
Security Selection Categorization
Passive Security Selection
Screened Security Selection
Quantitative Security Selection
When One Selection Method Does Not Fit
Summary
Capitalization Weighting
Fundamental Weighting
FTSE RAFI US 1000 Index Security Selection and Weighting
Fixed Weighting
Modified Security Weighting Schemes and Style Biases
Summary
Broad Market Indexes and Style Components
Market Index ETFs
Customized US Equity Index ETFs
Sample List of Broad US Equity and Style ETFs
Summary
Advantages of Investing Internationally
Disadvantages of Investing Internationally
Customized International Indexes
Global and International ETFs List
Summary
The Evolution of Industry ETFs
Industry Sector Categorization
Customized Industry Indexes
REIT ETFs
Bond Market Structure
Treasury Indexes
Mortgages
Investment Grade Corporate Bonds
Lehman Aggregate Bond Index
More Fixed Income on the Way
Fixed Income ETF List
Summary
Commodities Basics
Commodity ETFs
Commodities Indexes
A Progression of New Funds
Currencies
The Future of Futures ETFs
Commodity and Currency Fund List
Passive Investing
Life Cycle Investing
Special Strategies and Uses
Tips for ETF Investors
Summary
Buy and Hold
Core and Explore
Realistic Returns from Passive Portfolios
The Forecast
Summary
Life Cycle Models
ETF Portfolios for Each Stage
Summary
Nominal and Risk Adjusted Returns
TopDown Strategies
BottomUp Analysis
Momentum Investing
Technical Analysis
Prudence is Recommended
Summary
Unique Characteristics of ETFs
Using ETFs to Reduce Industry Risk
Pairs Trading and Market Neutral Strategies
Currency Hedging and Speculation
Tax Loss Harvesting
Future ETF Strategies
Selecting a Custodian
Trading ETF Shares
Asset Location Tips
Rebalancing ETFs
Hiring an Investment Manager
Summary
Books on ETF Investing
Copyright

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About the author (2011)

Richard A. Ferri, CFA, is the founder and CEO of the investment firm Portfolio Solutions, LLC. An author of four previous books on low-cost investing, Ferri earned a bachelor of science degree in business administration from the University of Rhode Island and a master of science degree in finance from Walsh College. He worked at two major Wall Street firms for ten years before starting Portfolio Solutions in 1999. The company manages over $1 billion in separate accounts using ETFs and index funds. Clients include individuals, nonprofit organizations, and corporate pension plans.

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