Exchange-Traded Funds (PDF)

With Exchange Traded Fund
(ETF) sponsors constantly making new types of ETFs available, there is now a
variety of ETFs that provide investors with an opportunity to develop
diversified investment portfolios. Their sophistication has also grown to
include a breed of ETFs that do not passively track the performance of an
underlying index. With this assortment of newer ETFs, and more on the way,
market strategists are now capable of devising all-ETF portfolios based on a
multitude of asset allocation schemes that respond to the need of their
clients.



This book provides a comprehensive overview of the changes brought about by
ETFs. It describes and analyses recent changes alongside their impact on
investment portfolios, and discusses the continuing success of index-based
ETFs and the reasons underlying their long-lasting achievements. The
book offers an objective discourse on the newly minted smart beta ETFs and
some of the issues surrounding them, and provides an overview of how the
increasingly widespread ETF-based portfolio hedging strategies are constructed
and implemented.



Paying particular attention to the importance of asset allocation and the
essential role it plays in portfolio construction, this book explores the
role played by ETFs in changing investors' attitudes toward home bias, covering
both established and emerging frontier markets. The author leverages his
extensive background to integrate best professional practices and academic
rigor for an increased understanding of the ever-evolving world of ETFs.