The Exchange-Traded Funds Manual
Praise for the exchange-traded funds manual
"Exchange-traded funds are the hottest finance innovation of the past decade. Gary Gastineau, who played a critical role in their development, demystifies the working of these instruments, lucidly describes their advantages and disadvantages, and guides investors on their use. This gem of a book will be the ETF bible for years to come."
-Burton Malkiel, Chemical Bank Chairman's Professor of Economics, Princeton University
"This is the first comprehensive book on exchange-traded funds.The author displays an institutional and practical knowledge of exchange-traded funds that makes this book necessary reading for not only the knowledgeable investor but for the professional researcher seeking to understand these relatively new investment vehicles."
-Martin J. Gruber, Nomura Professor of Finance
Stern School of Business, New York University
"Gary Gastineau is a national treasure. Exchange-traded funds are the wave of the future, and Gary has been instrumental in their development from day one. His knowledge is encyclopedic, and his style and subtle humor make it all accessible to the reader."
-Wayne H. Wagner, Chairman, Plexus Group, Inc.
"In Gary Gastineau's brilliant work in illuminating the reader on exchange-traded funds, he provides rich insights into the process and methodology of adding value and cites a convergence of market forces that creates a compelling story for the use of ETFs for those who choose to add value."
-Stephen C. Winks, Publisher, Senior Consultant
"The introduction of exchange-traded funds was one of the success stories of
Wall Street in the 1990s. Gary Gastineau was a key contributor to this success, and his book is an important benchmark on both the current status of this important new category and the vast potential of its next-generation products."
-Salvatore Sodano, Chairman and Chief Executive Officer
American Stock Exchange
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The History and Structure of ETFsand Some Competitors
The Regulatory Structure and Mechanics of the Open ETF
ETF Applications for Investors and Investment Advisors
Equity Index ETFsA Long Way to Go
New Generations of ETFs
Trading ETF Shares Without Angst
Other editions - View all
actively managed funds advisor arbitrage asset allocation asset value average basis benchmark index brokerage capital gains distributions cash Chapter conventional fund conventional mutual fund creation and redemption creation basket debt diversification dividend Dow Jones enhanced index equity index ETF shares evaluation exchange-traded funds exemptions Exhibit expense ratio fixed-income Folios fund manager fund portfolio fund shares fund-friendly index fund's futures contracts growth hedge fund HOLDRs in-kind income index change index ETFs index funds index publisher intra-day investor iShares MSCI issue issuer liquidity market makers ment municipal bond NASDAQ net asset value open ETF open-end options Percentile performance portfolio manager positions re-balancing redeem redemption baskets relatively requirements retirement risk Russell Sector SPDR securities Self-Indexing Fund sell short-term single-stock futures SPDRs Standard & Poor's strategy structure tax efficiency tax-deferred taxable tion trading costs transaction costs trust umbrella fund underlying usually