The ETF handbook: how to value and trade exchange traded funds, + website

ETFs are an incredibly flexible and valuable tool but using them requires a certain amount of sophistication, even among professional money managers, financial advisors, and professional traders. Daily volumes and spreads do not tellthe full story regarding ETF availability and liquidity. While ETFs trade like stocks; they are not stocks and so different analysis is required, as is execution which can make a marked difference in profitability. The ETF Handbook covers the technical details of ETFs not covered elsewhere. From the mechanics of ETF development including the index determination, the ETF basket, legal issues, and exchange listing, to calculating NAV (net asset value), Abner provides the specifics that professionals need. The book also covers the main pricing and valuation techniques of ETFs once they are on the market and details themechanics of the liquidity providers and order flow, where the volumes come from in some of the biggest trading names, and how that can translate down the rest of the ETF spectrum. It also addresses how to efficiently position ETFs within a portfolio, and examines who ETF users are and how the funds are used. Finally, detailed information on where to get good data is provided. Includes pricing and valuation spreadsheets and an instructional video that walks the reader through the world of ETFs.David J. Abner (New York, NY) is the director of institutional sales and trading at WisdomTree, an issuer of exchange traded funds with a client base of approximately 100,000 advisors. Prior, he was with BNP Paribas, where he was Managing Director and head of ETF trading from 2006-2008. From 1993-2006, Abner was with Bear Stearns where he traded in index arbitrage, baskets, Asian equityand closed end funds before being tapped to head Bears ETF trading business. WisdomTree is a leading ETF sponsor and developer using its own fundamentally weighted index methodology with approximately $3.5 billion in assets managed against WisdomTree indexes. Michael Steinhardt is chairman and Jeremy Siegel serves as Senior Investment Strategy Advisor.

• ISBN: 978-0-470-55682-5
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 272
• Fecha Publicación: 07/04/2010
• Nº Volúmenes: 1
• Idioma: Inglés