Mutual Funds and Exchange-traded Funds PDF Download

Author: H. Kent Baker
Publisher: Financial Markets and Investme
ISBN: 0190207434
Category : Business & Economics
Languages : en
Pages : 663

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Book Description
This publication offers a synthesis of the theoretical and empirical literature primarily on mutual funds but also discusses related investment vehicles, especially ETFs. Noted scholars and practitioners write chapters in their areas of expertise.

Author: Joanne M. Hill
Publisher: CFA Institute Research Foundation
ISBN: 1934667862
Category : Business & Economics
Languages : en
Pages : 202

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Book Description
Exchange-traded funds (ETFs) have become in their 25-year history one of the fastest growing segments of the investment management business. These funds provide liquid access to virtually every financial market and allow large and small investors to build institutional-caliber portfolios. Yet, their management fees are significantly lower than those typical of mutual funds. High levels of transparency in ETFs for holdings and investment strategy help investors evaluate an ETF’s potential returns and risks. This book covers the evolution of ETFs as products and in their uses in investment strategies. It details how ETFs work, their unique investment and trading features, their regulatory structure, how they are used in tactical and strategic portfolio management in a broad range of asset classes, and how to evaluate them individually.

Author: Jim Wiandt
Publisher: John Wiley & Sons
ISBN: 0471434841
Category : Business & Economics
Languages : en
Pages : 305

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Book Description
Exchange traded funds, one of the most exciting new classes of funds, provide investors with an opportunity to get the benefits of individual stocks at the lower costs associated with mutual funds. Although they are a very new type of fund (they were first introduced in 1993), ETFs have nearly 100 billion in assets under management. Written by senior editors Jim Wiandt and Will McClatchy at IndexFunds.com, Exchange Traded Funds clearly explains this exciting class of funds for savvy individual investors and investment professionals alike. The authors provide a frank appraisal of the advantages of exchange traded funds including low management fees and lower capital gains taxes. They acquaint readers with the full range of what's available, and provide valuable information on evaluating the funds' usefulness and performance. They also describe proven strategies for using exchange traded funds to balance investment portfolios and manage long-term and short-term risk. IndexFunds.com is a Web site devoted to index funds. It currently hosts more than 100,000 visitors each month.

Author: Ananth N. Madhavan
Publisher: Oxford University Press
ISBN: 0190279419
Category : Business & Economics
Languages : en
Pages : 304

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Book Description
In Exchange-Traded Funds and the New Dynamics of Investing, Ananth Madhavan examines the quiet transformation of asset management through the rise of passive or index investing. A closely-related phenomenon is the rise of exchange-traded funds (ETFs). An ETF is an investment vehicle that trades intraday and seeks to replicate the performance of a specific index. ETFs have grown substantially in size, diversity, and market significance in recent years. These trends have generated considerable interest, especially from retail and institutional investors and increasingly from academics, regulators and the press. ETFs have the power to be a disruptive innovation to today's asset management industry because many traditional active managers and hedge funds deliver a significant fraction of their active returns via static exposures to factors like value. Indeed, for the first time ever, assets in global ETFs exceeded $3 trillion in 2015, passing the amount in hedge funds.

Author: Todd Lofton
Publisher: John Wiley & Sons
ISBN: 0470107820
Category : Business & Economics
Languages : en
Pages : 303

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Book Description
AN ACCESSIBLE INTRODUCTION TO ETFs GETTING STARTED IN Exchange Traded Funds "Todd Lofton delivers what he promises with an approach and advice that has the footprint of an experienced trader. Instead of addressing dummies,' he's written a book for the intelligent investor who is inexperienced using ETFs. It progresses through every area, from passive positions to options, in a way that makes you comfortable trading. You can see that the way he gives experienced advice at the end puts this book on a higher plane." -- Perry Kaufman, author of New Trading Systems and Methods, Fourth Edition "Todd Lofton has helped many investors get started in futures and options trading by turning complex subjects into clearly written magazine articles and books over the last 35 years. He has done it again with this book on ETFs, one of the hottest new investment areas. Anyone who is contemplating investing in stocks or mutual funds should check out his easy-to-understand explanation of ETFs, how to use them, and how they can play a valuable role in an investment portfolio." -- Darrell Jobman, Editor in Chief, TradingEducation.com, former editor of Futures magazine "The ETF market is exploding! With so many under-performing mutual funds, investing in ETFs is truly the intelligent way to invest. This is a great primer for anyone interested in understanding this market better." -- Chris Osborne, CFP, Senior Vice President- Wealth Management, Smith Barney First Launched in 1193, exchange traded funds (ETFs) continue to attract the interest of investors around the world. ETFs low costs, tax efficiencies, and liquidity make them ideal investment vehicles. If you're interested in ETFs but don't know where to begin, Getting Started in Exchange Traded Funds is the book for you. Written in a straightforward and easy-to-read manner, this practical guide clearly explains the ins-and-outs of ETFs. With only a sprinkling of math and no complicated jargon, Getting Started in Exchange Traded Funds will help you: * Look for an ETF that best matches a particular investment objective * Evaluate a particular ETFs performance * Forecast ETF prices with basic technical and fundamental analysis * Use ETFs for hedging * Employ options and futures on ETFs in a variety of trading strategies * Use ETFs for both long-term positions and day trading * And much more Filled with practical advice and illustrative examples, Getting Started in Exchange Traded Funds shows you how ETFs can make it easier for you to achieve your personal financial goals.

Author: David Stevenson
Publisher: Pearson UK
ISBN: 0273769413
Category : Business & Economics
Languages : en
Pages : 497

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Book Description

Author: Archie Richards
Publisher: McGraw Hill Professional
ISBN: 0071509534
Category : Business & Economics
Languages : en
Pages : 290

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Book Description
Discover How Investing in Exchange-Traded Funds Can Help You Build a Winning Financial Portfolio "Archie Richards delivers the nuts and bolts of ETFs---and much more that the investor needs to know." Gary L. Gastineau, early developer of exchange-traded funds, Managing Director of ETF Consultants, LLC "ETFs are not a form of extraterrestrial, but they do remain a mystery to many. We should be grateful to Archie Richards for explaining everything about them and also offering mush useful advice. This is a timely and terrific book on one of today's hottest investment topics." Hunter Lewis, Co-founder, Cambridge Associates, LLC "Understanding exchange-Traded Funds is a no-nonsense approach to setting financial priorities, and a crash course on the basics of investing. Archie's description of various investments gives the information you need to become a wise investor." Steve and Annette Economides, Authors of America's Cheapest Family Gets You Right on the Money “Archie Richards is the go-to guru for ETFs, and Understanding Exchange-Traded Funds simply cements that reputation. If you're dipping your toe into the ETF waters for the first time, now you can jump right in instead. Understanding Exchange-Traded Funds is the investment life preserver you've been waiting for, and Archie Richards is the guy you want guiding you through the strokes.” Angele McQuade, author of Investment Clubs for Dummies and book reviewer for Better Investing magazine Turn to Understanding Exchange-Traded Funds for a quick, accessible overview of ETFs_the hottest and most significant investment tool of recent years. This expert guide explains why exchange-traded funds are important and why they work so well, highlighting the advantages of ETFs over traditional mutual funds and discussing all the new types of ETFs. Keeping complex mathematics to a minimum, Understanding Exchange Traded Funds thoroughly covers: The key elements of ETFs: costs, redemption, the three basic categories, tax consequences, and more How to use ETFs for asset allocation or retirement accounts How and where to buy ETFs The ETFs offered by Barclays, Vanguard, State Street, and other companies Avoiding common ETF mistakes and misconceptions

Author: Melinda Gerber
Publisher: Wiley
ISBN: 9780470120552
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
With this book, author Melinda Gerber walks you through the twenty-nine steps needed to start a mutual fund and the thirty-six steps needed to start an ETF. She provides costs and detailed explanations of how to accomplish each task from fledgling idea to the actuality of selling shares, and also takes the time to explain the importance of creating a clear vision for your fund as well as how to successfully profile customers and identify your competition.

Author: Martha Maeda
Publisher: Atlantic Publishing Company
ISBN: 1601382901
Category : Business & Economics
Languages : en
Pages : 338

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Book Description
The growth of Exchange Traded Funds (ETFs) in recent years alongside an unprecedented access to investment resources by any individual with a computer has led to a major boost in the market for many of these funds. According to recently released numbers reported in the Chicago Tribune, there are more than $608 billion in assets within ETFs, with almost $400 billion of that in domestically traded assets an increase of almost 40 percent in one year. This book will provide for you a complete guide to both understanding how to invest in Exchange Traded Funds and to earn the highest possible rates of return without risking your financial future. You will learn why the ETF has become the next major addition to essentially every casual trader s portfolio, offering a viable alternative to high-fee mutual funds and Wall Street infused stock trading. You will discover the multiple ways in which you can build the stock equity side of your portfolio, through large and small growth, sector investing, international investing, and with specialized stock ETFs. In addition to standard forms of ETFs, you will learn the various forms of Bond ETFs, Real Estate Investment Trading ETFs, and Commodity ETFs for gold, silver, and other precious metals. Also, you will discover why you should include a mixture of non-ETF investments in your portfolio to remain diversified at all times. A special section detailing a sample ETF portfolio and how yours should be organized will help you understand the format and building structure for ETF investments. The keys to buying and holding successfully, a stark change from normal investment strategies, will help you learn what ETFs do differently, while the listing of rule exceptions make it easy to recognize when you will have even more options than you originally expected. Through countless hours of interviews with financial professionals and newly independent traders like yourself, you will learn exactly how ETFs are being used today to revolutionize the world of personal finance, including retirement funding, education savings, and portfolio diversification. A list of commonly asked questions will ensure that every possible question you currently have is taken care of and the top ten mistakes that every new investor makes when starting with ETFs will help keep you from increasing your risk. You will be shown the entire corral of trading options at your disposal, both online and offline, and how Internet trading can help to increase your returns even further. The vital task of risk management is touched on repeatedly within each chapter, while trading profiles help you understand which investments have been most successful in recent years. For anyone getting ready to start trading in the highly lucrative ETF market, this book is a must have tool. Atlantic Publishing is a small, independent publishing company based in Ocala, Florida. Founded over twenty years ago in the company presidentâe(tm)s garage, Atlantic Publishing has grown to become a renowned resource for non-fiction books. Today, over 450 titles are in print covering subjects such as small business, healthy living, management, finance, careers, and real estate. Atlantic Publishing prides itself on producing award winning, high-quality manuals that give readers up-to-date, pertinent information, real-world examples, and case studies with expert advice. Every book has resources, contact information, and web sites of the products or companies discussed.

Author: Marvin Appel
Publisher: Financial Times/Prentice Hall
ISBN:
Category : Business & Economics
Languages : en
Pages : 280

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Book Description
“Do not hesitate to buy this book, it will make you money!” --Ike Iossif,President/Chief Investment Officer,Aegean Capital Group, Inc. ETFs offer exceptionally low expenses, outstanding performance, and unparalleled transparency. But, the number and variety of choices can be overwhelming. Now, one of the field's leading experts cuts through the ETF hype, offering a start-to-finish plan for choosing the right ETFs and using them to beat the market, year after year. Dr. Marvin Appel explains exactly how ETFs work, what they can and cannot do, and why they’re not all equally attractive. Then, drawing on objective data and proven, back-tested strategies, he shows you how you can quickly move into the right ETFs at the right time, consistently staying on the winning side of major market trends. Appel illuminates every facet of ETF investing: quantifying potential risk and reward, using ETFs to improve diversification, implementing simple ”active strategies,” deciding when to move into cash, and more. He also presents a full chapter on international ETF investing, as well as a discussion on how ETF investing can reduce your taxes. From start to finish, this book candidly assesses risks, costs, and rewards, helping you become an informed ETF consumer and a powerfully effective ETF investor. Use ETFs to invest like the big players Drive down costs and fully leverage diversification, the only “free lunch” on Wall Street Learn what your investment advisors won’t tell you The objective truth about ETF costs, risks, and opportunities Build your “one-decision” portfolio Profitable investing has never been this easy Drive even greater profits with proven “active” strategies Simple asset allocation strategies you can implement in just minutes Choose ETFs that match your investment style Build a profitable portfolio you’re comfortable with “Today, exchange-traded funds are the most innovative and rapidly growing investment vehicles. Marvin Appel’s new book provides, in a highly readable framework, a wealth of information on what they are and–more importantly–how private and professional investors can use them to build wealth through a simple and easy-to-implement investment program.” –C. Michael Carty, Principal and Chief Investment Officer, New Millennium Advisors, LLC “In the ever-expanding complex world of ETFs, Marvin Appel has cut through all the fluff and created a one-stop guide to not only using them, but using them profitably. The sections on diversification and the use of relative strength in comparing asset classes are invaluable. Individual investors and financial advisors alike will get a significant return on investment by spending time with this book.” –Bob Kargenian, CMT, President/Principal, TABR Capital Management, LLC The first step-by-step investment program built around low-cost, top-performance ETFs! Back-tested, verifiable strategies from one of the world’s leading ETF experts! All you need is a discount brokerage account, a few minutes on the Internet each month, and this book! ETFs give investors the best of all worlds: instant diversification, unprecedented flexibility for profiting from market shifts, and incredibly low costs. Now, there’s a step-by-step, plain-English guide to profiting from ETFs from one of the world’s leading experts. Chapter 1 Exchange-Traded Funds (ETFs): Now Individuals Can Invest Like the Big Players Chapter 2 The Multifaceted Stock Market: A Guide to Different Investment Styles Chapter 3 A One-Step Strategy for Selecting Superior Investments: Indexing Chapter 4 Investment Risk: A Visit to the Dark Side Chapter 5 How Well Are Your Investments Really Doing? Risk-Adjusted Performance Chapter 6 Diversification: The Only Free Lunch on Wall Street Chapter 7 The One-Decision Portfolio Chapter 8 When to Live Large: An Asset Allocation Model for Small- Versus Large-Cap ETFs Chapter 9 Boring Bargains or Hot Prospects? Choosing Between Growth and Value ETFs Chapter 10 When Is It Safe to Drink the Water? International Investing Chapter 11 What Bonds Can Tell You About Stocks: How to Use Interest Rates Chapter 12 It’s a Jungle Out There: Selecting from Among Different ETFs with Similar Investment Objectives Chapter 13 The Ultimate ETF Investment Program in Just 30 Minutes Per Month Appendix Internet Resources for ETF Investors Index