ETF strategies and tactics: hedge your portfolio in a changing market
Gespeichert in:
Hauptverfasser: | , , |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
New York [u.a.]
McGraw-Hill
2008
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Schlagworte: | |
Online-Zugang: | Contributor biographical information Publisher description Table of contents only Inhaltsverzeichnis |
Beschreibung: | Includes bibliographical references (p. 347-350) and index |
Beschreibung: | xx, 357 p. ill. 24 cm |
ISBN: | 9780071497343 007149734X |
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245 | 1 | 0 | |a ETF strategies and tactics |b hedge your portfolio in a changing market |c Laurence M. Rosenberg, Neal T. Weintraub, Andrew S. Hyman |
264 | 1 | |a New York [u.a.] |b McGraw-Hill |c 2008 | |
300 | |a xx, 357 p. |b ill. |c 24 cm | ||
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500 | |a Includes bibliographical references (p. 347-350) and index | ||
650 | 4 | |a Exchange traded funds | |
650 | 4 | |a Hedge funds | |
650 | 4 | |a Portfolio management | |
700 | 1 | |a Weintraub, Neal |e Verfasser |4 aut | |
700 | 1 | |a Hyman, Andrew S. |e Verfasser |4 aut | |
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adam_text | STRATEGIES AND TACTICS HEDGE YDUR PDRTFDLID IN A CHANGING MARKET
LAURENCE M. RDSENBERG NEAL T. WEINTRAUB ANDREW S. HYMAN NEW YORK CHICAGO
SAN FRANCISCO LISBON LONDON MADRID MEXICO CITY MILAN NEW DELHI SAN JUAN
SEOUL SINGAPORE SYDNEY TORONTO CONTENTS ACKNOWLEDGMENTS XIII
INTRODUCTION XIX 1. WHAT ARE ETFS, AND WHAT MAKES THEM GOOD INVESTMENTS?
1 WHAT IS AN ETF? 2 ORIGINS OF ETFS 2 GROWTH OF THE ETF MARKET 5 PRODUCT
VARIETIES 6 WHY INVESTORS ARE EMBRACING ETFS 7 2. ETFS COMPARED TO
MUTUAL FUNDS 11 THE INVESTMENT UNIVERSE 12 INVESTMENT COMPANIES 14
EXPENSES 26 TAX EFFICIENCY 36 SIMILARITIES AND DIFFERENCES BETWEEN
MUTUAL FUNDS AND ETFS 42 3. HOW ETFS WORK 47 BUYING AND SELLING ETFS: AN
ILLUSTRATION 47 ETF MECHANISM 49 ARBITRAGE AND ETFS 51 DIFFERENCES
BETWEEN UNIT INVESTMENT TRUSTS AND OPEN-END COMPANIES 52 GRANTOR
TRUSTS/HOLDRS 54 ACTIVELY MANAGED ETFS IN THE FUTURE 57 VII VIII *
CONTENTS 4. ETF REGULATION 61 ETFS AND ETF LOOK-ALIKES 62 ILLUSTRATION
OF AN ETF LOOK-ALIKE 64 PERSONNEL ISSUES 66 TAXES 69 REGULATIONS OUTSIDE
THE UNITED STATES 72 5. ETF INDEXES 77 WHAT ARE INDEXES? 77 DEVELOPMENT
OF AN INDEX 79 INDEX DIVERSITY 82 MAJOR INDEXES MEASURED BY ETFS 83 TAX
ISSUES 85 6. THE ETF UNIVERSE 89 ETF INVESTMENT OPTIONS 89
CLASSIFICATION BY CAPITALIZATION 99 BROAD MARKET INDEX 100 FUNDS
CLASSIFIED BY MARKET CAPITALIZATION OF INVESTMENTS 101 STYLE 104
INTERNATIONAL FUNDS 109 SECTOR 114 SPECIALTY FUNDS 122 COMMODITY 125
CURRENCY 125 FIXED INCOME 126 7. SUPPORT AND RESISTANCE WITH PIVOTS 129
PIVOT POINTS AND ETFS 130 MOVING AVERAGES AND ETFS 133 WHAT ABOUT SWING
TRADING? 135 8. ETF MONEY MANAGEMENT 145 MARGIN-TO-EQUITY PARAMETER 145
9. SHORT SELLING: SECURITIES AND ETFS 153 SHORT SELLING SECURITIES 154
SHORT SELLING ETFS 154 HEDGING YOUR PORTFOLIO 156 CONTENTS * IX 10. ETF
ARBITRAGE AND SPREADING 159 FORMS OF ARBITRAGE 160 ETF ARBITRAGE 161
ADVANTAGES OF SPREADING 162 IDENTIFYING ARBITRAGE OPPORTUNITIES 163 11.
OPTIONS FOR ETFS 165 FOUR BASIC STRATEGIES 166 OPTION TERMINOLOGY 167
OPTION STRATEGIES 169 12. EVALUATING ETFS 173 PRICE/EARNINGS RATIO 173
PRICE/SALES RATIO 174 FINANCIAL RATIOS 175 ANALYZE THE COMPANY S
PROFITABILITY 176 GETTING THE RESEARCH DONE 180 13. ETFS AND MARKET
ACTIVITY 183 READ THE TRENDS ... AND THAT INCLUDES ETFS 184 TRADE IN
TERMS OF PROBABILITY 187 14. DESIGN, MAINTAIN, AND MANIPULATE YOUR ETF
PORTFOLIO 191 DEVELOP YOUR WATCH LIST OF ETFS 191 EXPORT YOUR
PORTFOLIO INTO EXCEL 194 MAINTAIN AND MANIPULATE YOUR PORTFOLIO 197 TWO
SIGNIFICANT TRADING STRATEGIES 199 15. EUROPEAN ETFS 203 INVEST IN
EUROPEAN ETFS 204 ETF CHOICES 205 ETF MANAGERS *EUROPE AND THE UNITED
STATES 205 TAXES 209 REGULATION 210 STRATEGIES 211 EUROPEAN CURRENCY
ETFS 211 EUROPE IS NOT ONE COUNTRY 212 EUROZONE ISSUES 212 X CONTENTS
16. ETF PRACTICAL APPLICATIONS 223 NAVIGATING WEB PAGES 224 EXAMINE
TYPICAL ETF SCREENS 225 HERD MENTALITY 232 ETF SPREADS 233 ONE-ON-ONE
INTERVIEWS: LEADING ETF PROVIDERS 241 AMERICAN STOCK EXCHANGE: THE
BIRTHPLACE OF EXCHANGE- TRADED FUNDS 242 DOW LONES 246 ISHARES GERMANY
250 KEEFE, BRUYETTE, AND WOODS (KBW) 256 MSCI BARRA 260 VAN ECK GLOBAL
265 WISDOMTREE 268 XSHARES AND HEALTHSHARES 275 APPENDIX A U.S. ETFS AND
TRADING VOLUME AS OF OCTOBER 1, 2007 287 APPENDIX B SPDR STRATEGIES 313
STRATEGY 1: BUILDING A CUSTOMIZED AND DIVERSIFIED EQUITY PORTFOLIO THAT
MATCHES YOUR SPECIFIC OBJECTIVE 313 STRATEGY 2: MANAGE RISK THROUGH
ASSET ALLOCATION BY SECTOR 315 STRATEGY 3: REBALANCE PORTFOLIO BASED ON
CURRENT SECTOR WEIGHTINGS 317 STRATEGY 4: GAIN DIVERSIFIED ACCESS TO
ATTRACTIVE INVESTMENT THEMES 318 STRATEGY 5: ENHANCE AFTER-TAX RETURNS
WITH TAX SWAPS 319 STRATEGY 6: USE ETF FLEXIBILITY TO HEDGE CONCENTRATED
POSITIONS 320 APPENDIX C WEB SITES 323 WWW.FINANCE.YAHOO.COM 323
WWW.ETFGUIDE.COM 325 WWW.ETFCONNECT.COM 326 CONTENTS * XI
WWW.INDEXUNIVERSE.COM 327 WWW.FINRA.ORG 328 WWW.AMEX.COM/ETF/ETMAIN.JSP
330 WWW.FIDELITY.COM 331 WWW.GECKOSOFTWARE.COM 333 WWW.INVESTORS.COM/ETF
333 WWW.LROSENBERG.COM 334 WWW.SEEKINGALPHA.COM 335
WWW.CHEATTHESTREET.COM 336 WWW.VANGUARD.COM 336 WWW.OPTIONSXPRESS.COM
337 ENDNOTES 339 BIBLIOGRAPHY 347 INDEX 351
|
adam_txt |
STRATEGIES AND TACTICS HEDGE YDUR PDRTFDLID IN A CHANGING MARKET
LAURENCE M. RDSENBERG NEAL T. WEINTRAUB ANDREW S. HYMAN NEW YORK CHICAGO
SAN FRANCISCO LISBON LONDON MADRID MEXICO CITY MILAN NEW DELHI SAN JUAN
SEOUL SINGAPORE SYDNEY TORONTO CONTENTS ACKNOWLEDGMENTS XIII
INTRODUCTION XIX 1. WHAT ARE ETFS, AND WHAT MAKES THEM GOOD INVESTMENTS?
1 WHAT IS AN ETF? 2 ORIGINS OF ETFS 2 GROWTH OF THE ETF MARKET 5 PRODUCT
VARIETIES 6 WHY INVESTORS ARE EMBRACING ETFS 7 2. ETFS COMPARED TO
MUTUAL FUNDS 11 THE INVESTMENT UNIVERSE 12 INVESTMENT COMPANIES 14
EXPENSES 26 TAX EFFICIENCY 36 SIMILARITIES AND DIFFERENCES BETWEEN
MUTUAL FUNDS AND ETFS 42 3. HOW ETFS WORK 47 BUYING AND SELLING ETFS: AN
ILLUSTRATION 47 ETF MECHANISM 49 ARBITRAGE AND ETFS 51 DIFFERENCES
BETWEEN UNIT INVESTMENT TRUSTS AND OPEN-END COMPANIES 52 GRANTOR
TRUSTS/HOLDRS 54 ACTIVELY MANAGED ETFS IN THE FUTURE 57 VII VIII *
CONTENTS 4. ETF REGULATION 61 ETFS AND ETF LOOK-ALIKES 62 ILLUSTRATION
OF AN ETF LOOK-ALIKE 64 PERSONNEL ISSUES 66 TAXES 69 REGULATIONS OUTSIDE
THE UNITED STATES 72 5. ETF INDEXES 77 WHAT ARE INDEXES? 77 DEVELOPMENT
OF AN INDEX 79 INDEX DIVERSITY 82 MAJOR INDEXES MEASURED BY ETFS 83 TAX
ISSUES 85 6. THE ETF UNIVERSE 89 ETF INVESTMENT OPTIONS 89
CLASSIFICATION BY CAPITALIZATION 99 BROAD MARKET INDEX 100 FUNDS
CLASSIFIED BY MARKET CAPITALIZATION OF INVESTMENTS 101 STYLE 104
INTERNATIONAL FUNDS 109 SECTOR 114 SPECIALTY FUNDS 122 COMMODITY 125
CURRENCY 125 FIXED INCOME 126 7. SUPPORT AND RESISTANCE WITH PIVOTS 129
PIVOT POINTS AND ETFS 130 MOVING AVERAGES AND ETFS 133 WHAT ABOUT SWING
TRADING? 135 8. ETF MONEY MANAGEMENT 145 MARGIN-TO-EQUITY PARAMETER 145
9. SHORT SELLING: SECURITIES AND ETFS 153 SHORT SELLING SECURITIES 154
SHORT SELLING ETFS 154 HEDGING YOUR PORTFOLIO 156 CONTENTS * IX 10. ETF
ARBITRAGE AND SPREADING 159 FORMS OF ARBITRAGE 160 ETF ARBITRAGE 161
ADVANTAGES OF SPREADING 162 IDENTIFYING ARBITRAGE OPPORTUNITIES 163 11.
OPTIONS FOR ETFS 165 FOUR BASIC STRATEGIES 166 OPTION TERMINOLOGY 167
OPTION STRATEGIES 169 12. EVALUATING ETFS 173 PRICE/EARNINGS RATIO 173
PRICE/SALES RATIO 174 FINANCIAL RATIOS 175 ANALYZE THE COMPANY'S
PROFITABILITY 176 GETTING THE RESEARCH DONE 180 13. ETFS AND MARKET
ACTIVITY 183 READ THE TRENDS . AND THAT INCLUDES ETFS 184 TRADE IN
TERMS OF PROBABILITY 187 14. DESIGN, MAINTAIN, AND MANIPULATE YOUR ETF
PORTFOLIO 191 DEVELOP YOUR "WATCH LIST" OF ETFS 191 EXPORT YOUR
PORTFOLIO INTO EXCEL 194 MAINTAIN AND MANIPULATE YOUR PORTFOLIO 197 TWO
SIGNIFICANT TRADING STRATEGIES 199 15. EUROPEAN ETFS 203 INVEST IN
EUROPEAN ETFS 204 ETF CHOICES 205 ETF MANAGERS *EUROPE AND THE UNITED
STATES 205 TAXES 209 REGULATION 210 STRATEGIES 211 EUROPEAN CURRENCY
ETFS 211 EUROPE IS NOT ONE COUNTRY 212 EUROZONE ISSUES 212 X CONTENTS
16. ETF PRACTICAL APPLICATIONS 223 NAVIGATING WEB PAGES 224 EXAMINE
TYPICAL ETF SCREENS 225 HERD MENTALITY 232 ETF SPREADS 233 ONE-ON-ONE
INTERVIEWS: LEADING ETF PROVIDERS 241 AMERICAN STOCK EXCHANGE: THE
BIRTHPLACE OF EXCHANGE- TRADED FUNDS 242 DOW LONES 246 ISHARES GERMANY
250 KEEFE, BRUYETTE, AND WOODS (KBW) 256 MSCI BARRA 260 VAN ECK GLOBAL
265 WISDOMTREE 268 XSHARES AND HEALTHSHARES 275 APPENDIX A U.S. ETFS AND
TRADING VOLUME AS OF OCTOBER 1, 2007 287 APPENDIX B SPDR STRATEGIES 313
STRATEGY 1: BUILDING A CUSTOMIZED AND DIVERSIFIED EQUITY PORTFOLIO THAT
MATCHES YOUR SPECIFIC OBJECTIVE 313 STRATEGY 2: MANAGE RISK THROUGH
ASSET ALLOCATION BY SECTOR 315 STRATEGY 3: REBALANCE PORTFOLIO BASED ON
CURRENT SECTOR WEIGHTINGS 317 STRATEGY 4: GAIN DIVERSIFIED ACCESS TO
ATTRACTIVE INVESTMENT THEMES 318 STRATEGY 5: ENHANCE AFTER-TAX RETURNS
WITH TAX SWAPS 319 STRATEGY 6: USE ETF FLEXIBILITY TO HEDGE CONCENTRATED
POSITIONS 320 APPENDIX C WEB SITES 323 WWW.FINANCE.YAHOO.COM 323
WWW.ETFGUIDE.COM 325 WWW.ETFCONNECT.COM 326 CONTENTS * XI
WWW.INDEXUNIVERSE.COM 327 WWW.FINRA.ORG 328 WWW.AMEX.COM/ETF/ETMAIN.JSP
330 WWW.FIDELITY.COM 331 WWW.GECKOSOFTWARE.COM 333 WWW.INVESTORS.COM/ETF
333 WWW.LROSENBERG.COM 334 WWW.SEEKINGALPHA.COM 335
WWW.CHEATTHESTREET.COM 336 WWW.VANGUARD.COM 336 WWW.OPTIONSXPRESS.COM
337 ENDNOTES 339 BIBLIOGRAPHY 347 INDEX 351 |
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spelling | Rosenberg, Laurence M. Verfasser aut ETF strategies and tactics hedge your portfolio in a changing market Laurence M. Rosenberg, Neal T. Weintraub, Andrew S. Hyman New York [u.a.] McGraw-Hill 2008 xx, 357 p. ill. 24 cm txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references (p. 347-350) and index Exchange traded funds Hedge funds Portfolio management Weintraub, Neal Verfasser aut Hyman, Andrew S. Verfasser aut http://www.loc.gov/catdir/enhancements/fy0806/2007046250-b.html Contributor biographical information http://www.loc.gov/catdir/enhancements/fy0806/2007046250-d.html Publisher description http://www.loc.gov/catdir/enhancements/fy0806/2007046250-t.html Table of contents only GBV Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016655613&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Rosenberg, Laurence M. Weintraub, Neal Hyman, Andrew S. ETF strategies and tactics hedge your portfolio in a changing market Exchange traded funds Hedge funds Portfolio management |
title | ETF strategies and tactics hedge your portfolio in a changing market |
title_auth | ETF strategies and tactics hedge your portfolio in a changing market |
title_exact_search | ETF strategies and tactics hedge your portfolio in a changing market |
title_exact_search_txtP | ETF strategies and tactics hedge your portfolio in a changing market |
title_full | ETF strategies and tactics hedge your portfolio in a changing market Laurence M. Rosenberg, Neal T. Weintraub, Andrew S. Hyman |
title_fullStr | ETF strategies and tactics hedge your portfolio in a changing market Laurence M. Rosenberg, Neal T. Weintraub, Andrew S. Hyman |
title_full_unstemmed | ETF strategies and tactics hedge your portfolio in a changing market Laurence M. Rosenberg, Neal T. Weintraub, Andrew S. Hyman |
title_short | ETF strategies and tactics |
title_sort | etf strategies and tactics hedge your portfolio in a changing market |
title_sub | hedge your portfolio in a changing market |
topic | Exchange traded funds Hedge funds Portfolio management |
topic_facet | Exchange traded funds Hedge funds Portfolio management |
url | http://www.loc.gov/catdir/enhancements/fy0806/2007046250-b.html http://www.loc.gov/catdir/enhancements/fy0806/2007046250-d.html http://www.loc.gov/catdir/enhancements/fy0806/2007046250-t.html http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016655613&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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