The ETF Book: All You Need to Know About Exchange-Traded Funds, Updated Edition - Tapa dura

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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 $1 billion in separate accounts using ETFs and index funds. Clients include individuals, nonprofit organizations, and corporate pension plans.

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<p>The Etf Book</p> <p>All You Need to Know About Exchange-Traded Funds</p> <p>Richard A. Ferri, CFA</p> <p>Foreword by</p> <p>Don Phillips, Managing Director, Morningstar</p> <p>Praise for the previous edition of</p> <p>The Etf Book</p> <p>"In The ETF Book, Rick covers the nuts and bolts of ETFs, the nuances of index creation, and even strategies for putting a financial plan based on ETFs into place. He even goes so far as to suggest an innovative new means of classifying and thinking about these new vehicles. In short, he's done the heavy lifting and the background research that investors need to go forth knowledgeably into this exciting new world."<br /> —From the Foreword by Don Phillips, Managing Director, Morningstar</p> <p>"Though less than fifteen years since the S&P 500 SPDR introduced the first ETF, ETFs now come in an ever-growing range of asset classes and market segments based on a wide variety of stock selection and weighting approaches. Rick Ferri's book, combined with his ETF classification system, is a first-rate guide to these important investment tools."<br /> —David M. Blitzer, PhD, Managing Director and Chairman of the Index Committee, Standard & Poor's</p> <p>"Choosing from among the burgeoning selection of ETFs is like trying to drink from a fire hose. Luckily for investors, there's Rick Ferri and The ETF Book—an essential guide to choosing the right investments as well as how to build a solid portfolio. For years, I have highly recommended Rick's books to my readers and have kept my own well-worn copies close at hand. The ETF Book will join my small pile of frequently referenced books next to my computer."<br /> —Robert Brokamp, Editor, The Motley Fool's Rule Your Retirement service</p> <p>"Rick Ferri has put together a gem of a book on ETFs—and that is remarkable, because he was shooting at a moving target. It's hard to imagine a more thoughtful—and useful —overview of the exchange-traded product market. He's got it all here: what they are, how they're different, what they can do, and best of all, how to use them."<br /> —Jim Wiandt, Editor, Journal of Indexes, and Publisher of ETFR and IndexUniverse.com</p> <p>"The ETF Book is a complete guide to understanding exchange-traded funds—the investment vehicle of choice for an increasing number of investors and advisors. Written in Rick's informative, easy-to-read style, this book is filled with practical strategies and advice designed to help investors build smarter, stronger portfolios using ETFs."<br /> —Anthony Rochte, Senior Managing Director, State Street Global Advisors</p> <p>When the original edition of The ETF Book was first published in 2007, it immediately became the source for cutting-edge information on many exchange-traded products (ETPs)—mainly exchange-trade funds (ETFs). The book has still not been surpassed, but with the marketplace for ETPs quickly evolving, now is the perfect time for the Updated Edition of The ETF Book.</p> <p>This detailed, yet clearly articulated guide—written by veteran financial professional and experienced author Richard Ferri—contains the most up-to-date information on navigating the growing number of ETPs available in today's market. Divided into four comprehensive parts, this revised resource introduces you to everything from successful structures such as bond funds, commodities funds, and currency funds to concepts such as actively managed ETFs that have recently become a reality. Along the way, you'll gain valuable insight into how you can effectively integrate ETFs into any portfolio.</p> <p>Becoming an informed investor means that you need to know what makes ETFs unique, how they work, and which funds may help you achieve your financial goals. Whether you're just getting started or are a seasoned investor, the Updated Edition of The ETF Book will help enhance your understanding of this dynamic field by:</p> <ul> <li> <p>Detailing the different types of ETPs, including ETFs, exchange-traded notes (ETNs), grantor trusts, and unit investment trusts (UITs)</p> </li> <li> <p>Exploring the latest ETF strategies—from buy, hold, and rebalance to market timing and sector rotation</p> </li> <li> <p>Highlighting how to implement a wide selection of ETPs—from equity and fixed income to commodities and leveraged funds</p> </li> <li> <p>Examining the fundamental differences between index-based ETPs</p> </li> <li> <p>Introducing Index Strategy Boxes—a proven way to understand index construction that is the basis for how most ETPs are invested</p> </li> <li> <p>And much more</p> </li> </ul> <p>As an added benefit, this book's appendixes offers an ETF Resource List—which will point you to other sources that discuss these structures—and a detailed Glossary to help you with industry-specific definitions.</p> <p>The Updated Edition of The ETF Book has everything you need to develop a winning investment strategy. Each chapter is filled with new insights on different types of ETFs and practical advice on how to select and manage them. Reflecting the most recent changes in this field, the Updated Edition of The ETF Book will prepare you to build a solid portfolio of ETFs that will benefit you for years to come.</p>

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When the original edition of The ETF Book was first published in 2007, it immediately became the source for cutting-edge information on many exchange-traded products (ETPs)--mainly exchange-trade funds (ETFs). The book has still not been surpassed, but with the marketplace for ETPs quickly evolving, now is the perfect time for the Updated Edition of The ETF Book.

This detailed, yet clearly articulated guide--written by veteran financial professional and experienced author Richard Ferri--contains the most up-to-date information on navigating the growing number of ETPs available in today's market. Divided into four comprehensive parts, this revised resource introduces you to everything from successful structures such as bond funds, commodities funds, and currency funds to concepts such as actively managed ETFs that have recently become a reality. Along the way, you'll gain valuable insight into how you can effectively integrate ETFs into any portfolio.

Becoming an informed investor means that you need to know what makes ETFs unique, how they work, and which funds may help you achieve your financial goals. Whether you're just getting started or are a seasoned investor, the Updated Edition of The ETF Book will help enhance your understanding of this dynamic field by:

• Detailing the different types of ETPs, including ETFs, exchange-traded notes (ETNs), grantor trusts, and unit investment trusts (UITs)

• Exploring the latest ETF strategies--from buy, hold, and rebalance to market timing and sector rotation

• Highlighting how to implement a wide selection of ETPs--from equity and fixed income to commodities and leveraged funds

• Examining the fundamental differences between index-based ETPs

• Introducing Index Strategy Boxes--a proven way to understand index construction that is the basis for how most ETPs are invested

• And much more

As an added benefit, this book's appendixes offers an ETF Resource List--which will point you to other sources that discuss these structures--and a detailed Glossary to help you with industry-specific definitions.

The Updated Edition of The ETF Book has everything you need to develop a winning investment strategy. Each chapter is filled with new insights on different types of ETFs and practical advice on how to select and manage them. Reflecting the most recent changes in this field, the Updated Edition of The ETF Book will prepare you to build a solid portfolio of ETFs that will benefit you for years to come.