Book & podcast collection

A Comprehensive Guide to Exchange-Traded Funds

byJoanne M. Hill,Dave Nadig,Matt HouganandDeborah Fuhr

Joanne M. Hill, Dave Nadig, Matt Hougan, and Deborah Fuhr provide a broad reference to exchange-traded funds and the markets built around them. They explain ETF structures, indexes, creation and redemption, trading, liquidity, taxes, costs, regulation, and portfolio applications across asset classes. The book helps readers distinguish the fund's underlying exposure from the way its shares trade, addressing common misconceptions about premiums, discounts, and market stress. Designed for investors and professionals, it combines product history with analytical tools for evaluating whether an ETF delivers the exposure, efficiency, and risk characteristics its label appears to promise.

Publisher

CFA Institute Research Foundation

Publication date

2015

Format

Print edition

Pages

181

ISBN

9781934667859