The Exchange-Traded Funds Manual
Author: Gary L. Gastineau
List Price: $59.95
Our Price: Click to see the latest and low price
ISBN: 0471218944
Publisher: John Wiley & Sons (01 February, 2002)
Sales Rank: 80,208
Average Customer Rating: 4.5 out of 5
Customer Reviews
Rating: 4 out of 5
Good practical reference work
Gary Gastineau, a managing director at Nuveen Investments and the author of The Options Manual (1988), has written the most detailed account available in print of open-ended exchange-traded funds: how they work, what are their distinctive characteristics, who trades them (largely, specialists, market makers, and hedge funds), who owns them (largely, brokerage firms clearing and carrying the ETF shares for specialists, market makers, or hedge funds), and what are their advantages and disadvantages over other sorts of investment for various investors.This is no gripping page-turner, in the league of Jack Schwager's "Wizards" series. But it doesn't need to be. Mr. Gastineau's manual is directed chiefly at investment advisers and financial planners as a reference volume, and it serves that purpose quite well. Advisers and planners, and of course their clients, face a bewildering variety of issues pertaining to these relatively new vehicles-issues of tax efficiency, risk management, trading costs and spreads, etc. In many offices, this book will be a welcome aid in sorting out all of that.
Rating: 5 out of 5
A brilliant, comprehensive and readable compendium on ETFs
Exchange Traded Funds are simply the biggest development for the average retail investor in the past decade. No more need to pay huge fees for opaque mutual funds/unit trusts. Just go to an exchange, buy the fund and hey presto you can track indices and have total price transparency for as long as the exchange is open.I championed ETFs in my book "Capital Market Revolution" and I am delighted to see that ETF pioneer Gary Gastineau has produced a terrific, comprehensive book on every aspect of Exchange Traded Funds.
If you have any questions about ETFs, they will be answered by this book...
Patrick L Young
author "Capital Market Revolution"
CEO, erivatives.com
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Book Index