ETF Strategies and Tactics

Publication Date	May 2008
Publisher	McGraw-Hill Professional
Product Type	Book
Pages	400
ISBN Number	not applicable
Product Code	MGH00019

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Summary

The first hands-on guide to tapping into the $335 billion ETF market

ETF Strategies and Tactics is an unprecedented guidebook covering the mechanics of ETFs, complete with approaches and techniques for hedging positions, preserving capital, and protecting assets from market volatility.

Led by former chairman of the Chicago Mercantile Exchange, Laurence Rosenberg, the expert team of authors behind ETF Strategies and Tactics provides valuable insight into:

How ETFs work
Unique characteristics of ETFs
The people who trade ETFs
The types of investors who own ETFs
Advantages and disadvantages of ETFs

There is no clearer or more practical resource for learning how to use ETFs to hedge risk at low cost than this one-stop guide.

Content

Preface
Foreword
Introduction
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 A: ETF publications
- Appendix B: ETF websites
- Appendix C: Directory of ETF Providers