A Comprehensive Guide to Exchange Traded Funds

202 Pages Posted: 9 Jun 2015 Last revised: 11 Jun 2015

Joanne M. Hill

ProShare Advisors LLC

Dave Nadig

FactSet

Matthew Hougan

ETF.com

Date Written: May 1, 2015

Abstract

Exchange-traded funds (ETFs) have become in their 25-year history one of the fastest growing segments of the investment management business. These funds provide liquid access to virtually every financial market and allow large and small investors to build institutional-caliber portfolios. Yet, their management fees are significantly lower than those typical of mutual funds. High levels of transparency in ETFs for holdings and investment strategy help investors evaluate an ETF’s potential returns and risks. This book covers the evolution of ETFs as products and in their uses in investment strategies. It details how ETFs work, their unique investment and trading features, their regulatory structure, how they are used in tactical and strategic portfolio management in a broad range of asset classes, and how to evaluate them individually.

Keywords: ETF, exchange traded fund

JEL Classification: G1, G2

Suggested Citation

Hill, Joanne M. and Nadig, Dave and Hougan, Matthew, A Comprehensive Guide to Exchange Traded Funds (May 1, 2015). CFA Institute Research Foundation. Available at SSRN: https://ssrn.com/abstract=2616223

Joanne M. Hill (Contact Author)

ProShare Advisors LLC ( email )

7501 Wisconsin Ave
Suite 1000
Bethesda, MD 20814
United States
9177965360 (Phone)

Dave Nadig

FactSet ( email )

601 Merritt 7, 3rd Floor
Norwalk, CT 06851
United States

Matthew Hougan

ETF.com ( email )

United States

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