Exchange-traded funds : investment practices and tactical approaches /: investment practices and tactical approaches. (2016)

• Record Type: Book
• Further Information: Note: A. Seddik Meziani.
• Authors: Meziani, A. Seddik
• Contents: Dedication ; Foreword; Preface; Acknowledgements; Contents; List of Figures; List of Tables; 1: Evolution and€Outlook of€the€ETF Market: From€a€Trickle to€a€Mighty Roar; Introduction; Brief Background History of€ETFs; Equity Index Participations; Toronto Stock Exchange Index Participations; U.S.€ETF Market; From a€Trickle to€a€Mighty Roar; Main Characteristics of€the€ETF Market; The ETF Market Remains Monopolized by a€Few; Assets of€ETFs by Asset Category; Equity ETFs; Fixed-Income ETFs; Commodities and€Real Estate ETFs; Currency and€Multi-asset ETFs. Assets of€ETFs by Geographical Region ETF Outlook: The€Economy Matters-A Lot; Summary; 2: Characteristics of€Exchange-Traded Funds: Weighting Myths and€Realities; Introduction; Structure of€ETFs; ETFs Started as€Unit Investment Trusts; Most New ETFs Are Organized as€Open-End Funds; Cash Dividends Can Be€Reinvested; Other Structural Nuances; Securities Lending; Physical versus Synthetic Replication; Trading ETFs; ETFs and€Arbitrage; Fair Pricing and€Liquidity; The Creation and€Redemption Process; Liquidity Is Determined by the€Transparency of€the€Fund. ETF Liquidity and Pricing from an Academic Perspective Myths and Realities: Take a Close Look Under the Hood; ETFs Are Diversified; Pay Attention to Your Fund's Expense Ratio: Not All ETFs Are Low-Cost; Vignette 2.2: Rule 12(b)-1: A Rule Few Investors Understand; Just What Do These Fees Pay For?; How Can I Find Out the Charges and Uses at My Funds?; Are There Advantages in Having These Expenses Paid Out of Fund Assets?; Are There Disadvantages in Paying These Expenses Through 12b-1 Charges?; What's the Prognosis for SEC Action? The size of the ratio also depends on the size of the fund. Logically, the smaller the fund the larger the ratio, since the manager must cover the fund's expenses from a limited asset base. That explains why investors in SPY or IVV benefit from a mu Not All ETFs Are Tax-Efficient; Trading ETFs Results in€Brokerage Fees; Dollar-Cost Averaging and€ETFs; Summary; 3: Exploring the€Tax Advantages of€Exchange-Traded Funds; Introduction; The Rebalancing Process; ETFs as€a€Non-Taxing Entity; Taxable Gain at the€Inception of€Investment; Redemption in€Stock or in€Cash. Tax Efficiency of€Redemption Tax-Free In-kind Redemption; Tax Consequences for€ETF Shareholders; ETF as€a€Tax Pass-Through Entity; Individual Taxpayer; Corporate Taxpayer; Summary; 4: Understanding the€Complex Universe and€Role of€Fixed-Income Funds as€Investment Vehicles; Introduction; Brief Review of€the€Factors Underlying Bonds' Importance; Bonds Are Effective Instruments of€Diversification; Factors Weighting on€Bond Performance; The Global Economy is Still on€the€Mend; Panic Selling Could Easily Ensue; Yet Bonds Offer Security by Reducing Portfolio Volatility.
• Publisher Details: London : Palgrave Macmillan
• Publication Date: 2016
• Extent: 1 online resource
• Subjects: 332.63/27; 658.15; Finance; Exchange traded funds; Corporations -- Finance; Banks and banking; Investment banking; Securities; Capital investments; Financial engineering; Finance, Personal; BUSINESS & ECONOMICS -- Finance; Banks and banking; Capital investments; Corporations -- Finance; Exchange traded funds; Finance; Finance, Personal; Financial engineering; Investment banking; Securities; Business & Economics -- Investments & Securities; Business & Economics -- Banks & Banking; Business & Economics -- Finance; Finance; Investment & securities; Banking; Corporations-Finance; Personal finance; Business & Economics -- Corporate Finance; Corporate finance; Electronic books
• Languages: English
• ISBNs: 9781137390950; 1137390956; 1137390948; 9781137390943
• Related ISBNs: 9781137390943
• Notes: Note: Online resource, title from PDF title page (Ebsco, viewed on September 7, 2016).
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.