The Etf Book: All You Need to Know about Exchange-Traded Funds

by Richard A. Ferri

Book Overview

Exchange-traded funds (ETFs) are revolutionizing the investment industry. From their introduction in 1993, ETFs have expanded exponentially over the past fifteen years. You, as an informed investor, need to know what makes ETFs unique, how they work, and which funds may help you achieve your financial goals. The updated edition provides the most current look at the ETF market, where the number of funds has doubled since the book first published in...

• Format: Hardcover
• Language: English
• ISBN: 0470537469
• ISBN13: 9780470537466
• Release Date: August 2009
• Publisher: Wiley
• Length: 400 Pages
• Weight: 1.38 lbs.
• Dimensions: 1.3" x 6.3" x 9.2"

Customer Reviews

The Definitive ETF Guide!

The ETF Book: All You Need to Know About Exchange-Traded Funds I have been a long-term fan of low-cost, passive investing (i.e. index funds) and have read all of Mr. Ferri's books. Recently, I have begun using ETFs in place of index funds. Mr. Ferri's book is a well-researched, complete guide to ETFs. I believe it will be viewed as the definitive ETF book because of its wide-ranging coverage of everything from how ETFs can be used in a portfolio to details of ETF construction. The practical tips (e.g. don't trade an ETF at the beginning or end of a trading day) alone are worth the price of the book. Also, I really like the detailed information on how various ETFs (e.g. gold ETFs) are constructed. Great resource for individual investors as well as for professionals!

An excellent book for the ETF investor

I love ETF investing. This book is a must-read if you're interested in investing in ETFs. You'll no doubt want to read other books too. But this is the cornerstone of the library of the ETF investor. The book is well written and arranged nicely. It's a good read and a great reference. It gives you some sample life cycle investing portfolios, which I find most useful. You'll find the benefits and the drawbacks of ETF investing. You'll learn about the different types of ETFs. You'll also learn about the different management styles available. I would have liked more information on fixed income investing. I find there's not much available on that. I also find there isn't anything about defensive investing, which we need right now. There is help with asset allocation but I suspect you'll want to buy a book that devotes itself entirely to that subject. I keep the book near my left hand as I readjust my portfolio and when I'm considering a fund. I highly recommend this great book.

The ETF Book

Let me say at the outset that I am NOT a professional investor, that I HAVE invested in individual securities as well as mutual funds for forty years, that I now, as a retiree, restrict myself to annuity income and mutual fund investments (mostly passive), and that I have not yet purchased ETFs, though Ferri's book convinces me ETFs could perform a useful function in my portfolio. If, like me, you have not yet invested in ETFs but want to know how they are constructed, how they function, and what role they might serve in your portfolio, then Rick Ferri's book is the FIRST place you should go for a comprehensive guide to understanding ETFs. Ferri's book can be read in, or through depending on the reader's interests. By this I mean his book divides into four free-standing, but continuous, parts. The first part deals with ETF Basics--the history, mechanics, and potential benefits and drawbacks. Part Two, a real eye-opener for this reader, focuses on index construction and provides an index strategy box akin to how Morningstar analyses mutual funds. Part Three broadens the discussion to styles and choices--from broad domestic/global indexes to equivalents of slice and dice strategies. Part Four shows, in detail, how investors can incorporate ETFs into their asset allocation plan--whether they are inclined to passive, active, or a combination of portfolio strategies. Thankfully, Rick Ferri goes to great pains to communicate clearly with his readers. To my mind, he has no axe to grind, although as a professional portfolio manager he advocates passive investing. Ferri provides many alternative portfolios (passive, active, combo) spread along a continuum of life-cycle investing. It certainly speaks well of this fine book that it receives the ringing endorsements of the likes of Don Phillips, David Blitzer, and Anthony Rochte, Senior Managing Director of State Street Global Advisors. Robert Uphaus

Excellent Educational book on ETFs

A super book by Rick Ferri. The book goes into the nitty gritty of ETFs and the different types of composition. The information is well written so someone with a just a basic knowledge of investments can understand. Too many investment books written these days are just full of marketing hoola and are useless. This book could be used in a college class with the detail of information presented.