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ISBN10: 007149734X | ISBN13: 9780071497343
ISBN10: 007149734X
ISBN13: 9780071497343
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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.
Preface
ForewordI
ntroduction
Part I: ETF Fundamentals
Chapter 1: Basics of Exchange Traded Funds (ETFs)
1.Origins
2.Vanguard and Indexing
3.Growth of ETF Market
4.Implication of Rise of ETFs for investment market
Chapter 2: ETFs and Mutual Funds
5.Similarities
6.Differences
7.Continuous Pricing
Chapter 3: ETF Structures and Costs
8.How are they developed?
9.Indices
10.Costs
11.Different types of structures
Chapter 4: ETF Varieties and common examples
12.Index ETFs
13.Closed-End ETFs
14.Auction Rate Preferreds
Chapter 5: ETF Regulation
15.US ETF Regulation
16.SEC
17.NASD
18.Other
19.European ETF Regulation
20.Other regulation
Part II: Practical Aspects of Using ETFs
Chapter 6: ETF Selection
21.Aligning ETFs with investment strategy
Chapter 7: Intelligent ETF Purchasing and Selling
22.Looking at Costs
23.Looking at Structures
24.How to make and intelligent decision on which instruments to use
25.Execution
Chapter 8: Technical and Fundamental Analysis of ETFs
26.Fundamental analysis
27.Technical Analysis
Chapter 9: Trading Overseas ETFs
28.Practical Aspects
29.Foreign Exchange Risks
Part III: ETFs Place in Your Portfolio
Chapter 10: Assessing Investment Goals
30.Using ETFs requires understanding of investment goals
31.Determining investment goals
32.Risk management
Chapter 11: Using ETFs to manage portfolio risk
33.Markowitz and portfolio theory
34.Diversification
35.Hedging
Chapter 12: ETF Strategies
36.Long
37.Short
38.Spreading
Chapter 13: Understanding the uses and abuses of ETFs
39.Using and index fund vs. ETFs
40.John Bogle discussed how ETFs are the growing part of the index universe, while they appear to be used more for speculation
41.Does the user want a broad index that captures the market
Part IV: Advanced ETF Topics
Chapter 14: Options
42.Basic options principles
43.Options Strategies
44.Using ETF options
Chapter 15: Sector Investing
45.Sector investing strategies
46.Using ETFs to implement sector investing strategies
Chapter 16: Long Term Investing
47.Determining long range goals
48.Equity Bias
49.Diversification
50.Costs
Chapter 17: International Investing
51.Common ETFs
52.Legal aspects of trading outside US
53.Foreign exchange risk
54.Tax considerations
Chapter 18: Day Trading
55.Psychological profile necessary to day trade
56.Financial net worth
57.Technology and systems needed
58.When to get out
Chapter 19: Speculative Trading
59.Types of Speculative Trading
60.Time frames
61.Trading Plans
62.Risk Management
Part V: Conclusion
Chapter 20: The View Ahead
63.Growth
64.More overseas investment operations
65.Continued need for good advice
Appendix
Appendix A: ETF publications
Appendix B: ETF websites
Appendix C: Directory of ETF Providers
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