Exchange-traded Funds and the New Dynamics of Investing - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Exchange-traded Funds and the New Dynamics of Investing write by Ananth N. Madhavan. This book was released on 2016. Exchange-traded Funds and the New Dynamics of Investing available in PDF, EPUB and Kindle. "An examination of the transformation of asset management through the rise of passive or index investing"--
Exchange-traded Funds and the New Dynamics of Investing
Exchange-traded Funds and the New Dynamics of Investing - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Exchange-traded Funds and the New Dynamics of Investing write by Ananth N. Madhavan. This book was released on 2016. Exchange-traded Funds and the New Dynamics of Investing available in PDF, EPUB and Kindle. "An examination of the transformation of asset management through the rise of passive or index investing"--
Leveraged Exchange-Traded Funds
Leveraged Exchange-Traded Funds - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Leveraged Exchange-Traded Funds write by Tim Leung. This book was released on 2016-02-24. Leveraged Exchange-Traded Funds available in PDF, EPUB and Kindle. This book provides an analysis, under both discrete-time and continuous-time frameworks, on the price dynamics of leveraged exchange-traded funds (LETFs), with emphasis on the roles of leverage ratio, realized volatility, investment horizon, and tracking errors. This study provides new insights on the risks associated with LETFs. It also leads to the discussion of new risk management concepts, such as admissible leverage ratios and admissible risk horizon, as well as the mathematical and empirical analyses of several trading strategies, including static portfolios, pairs trading, and stop-loss strategies involving ETFs and LETFs. The final part of the book addresses the pricing of options written on LETFs. Since different LETFs are designed to track the same reference index, these funds and their associated options share very similar sources of randomness. The authors provide a no-arbitrage pricing approach that consistently value options on LETFs with different leverage ratios with stochastic volatility and jumps in the reference index. Their results are useful for market making of these options, and for identifying price discrepancies across the LETF options markets. As the market of leveraged exchange-traded products become a sizeable connected part of the financial market, it is crucial to better understand its feedback effect and broader market impact. This is important not only for individual and institutional investors, but also for regulators.
The Exchange-Traded Funds Manual
The Exchange-Traded Funds Manual - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Exchange-Traded Funds Manual write by Gary L. Gastineau. This book was released on 2010-05-20. The Exchange-Traded Funds Manual available in PDF, EPUB and Kindle. Full coverage of ETF investments from an expert in the field The initial edition of Gary Gastineau's The Exchange-Traded Fund Manual was one of the first books to describe and analyze ETFs. It made the case for the superiority of the structure of investor-friendly ETFs over mutual funds and helped investors select better funds among the ETFs available. With this new edition, Gastineau provides comprehensive information on the latest developments in ETF structures, new portfolio variety, and new trading methods. With a realistic evaluation of today's indexes, Gastineau offers insights on actively managed ETFs, improved index funds, and fund and advisor selection. Discusses how to incorporate ETFs into an investment plan Offers updated coverage of new ETFs, including full-function actively managed ETFs, and a valuable chapter on trading ETFs Written by the leading authority on exchange traded funds Exchange-traded funds offer you diversification and participation in markets and investment strategies that have not been available to most investors. If you want to understand how to use ETFs effectively, the Second Edition of The Exchanged-Traded Fund Manual can show you how.
Leveraged Exchange-Traded Funds
Leveraged Exchange-Traded Funds - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Leveraged Exchange-Traded Funds write by Peter Miu. This book was released on 2016-01-05. Leveraged Exchange-Traded Funds available in PDF, EPUB and Kindle. Leveraged Exchange-Traded Funds (LETFs) are publicly-traded funds that promise to provide daily returns that are in a multiple (positive or negative) of the returns on an index. To meet that promise, the funds use leverage, which is typically obtained through derivatives such as futures contracts, forward contracts, and total-return swaps. As of the end of 2012, there were over 250 LETFs in North America with total assets of approximately $32.24 billion. While the amount of assets held by these funds is still small, their popularity continues to grow as their trading volume is significantly larger and much more dynamic than traditional, non-leveraged ETFs. This comprehensive guide to LETFs provides high-level practitioners and researchers with a detailed reference tool for navigating the market and making informed investment decisions. Written from a measured analytical perspective, Miu and Charupat use clear and concise explanations of all important aspects of LETFs, focusing on such key elements as structure, pricing, performance, regulations, taxation, and trading strategies. The first two chapters set the stage for the book by identifying exactly what LETFs are and how they are regulated. The following chapters then look to bridge theory with practice to dive deep into the mechanics, portfolio rebalancing techniques, and daily compounding effects that make investing in these funds so lucrative.
