ETFs for the Long Run: What They Are, How They Work, and Simple Strategies for Successful Long-Term Investing
Chapter 1: ETFs–The Newfangled Mutual Funds.
How ETFs Stack Up against Mutual Funds.
More Tax Efficient.
Investment in Alternative Asset Classes.
Chapter 2: ETF History Lesson: How a New Type of Fund Was Born.
A Short History of the Amex.
The Father of the ETF.
Philly Strikes First.
Back to the Drawing Board.
Along Came a Spider.
The Birth of an Industry
Let's Do It Again.
What Tangled Webs We Weave.
Building a Business.
Shine On, You Crazy DIAmonds.
The Biggest ETF Launch.
All in the Family.
The First Assault.
If You Can't Beat 'Em, Join â€˜Em.
Builders and Bonds.
Chapter 3: The Evolution of the ETF.
The Importance of a Broadly Diversified Portfolio.
The Appeal of Investment Companies.
Types of Investment Companies.
Types of Mutual Funds.
Running a Mutual Fund.
The Creation of an ETF.
Chapter 4: Index Fund-amentals.
Why an Index?
Fund Management Options.
The Rise of the Index Funds.
The Big Index Companies.
Indexes from the Stock Exchanges.
Actively Managed ETFs.
Chapter 5: Fee Bitten.
Wall Street Produces Vintages.
Looking for Low Management Fees.
Chapter 6: The Better Mousetrap: How Can ETFs Charge So Little?
Transparent Costs of Mutual Funds.
Hidden Costs of Mutual Funds.
The Creation Unit: How They Make ETFs So Cheap.
So Long, Transaction Costs.
So What Costs Do ETFs Have?
Why Would I Ever Buy a Mutual Fund?
Chapter 7: The New Indexers.
BONY Builds a BLDR.
The Name Is Bond.
Rydex Rides In.
Vanguard Makes a Splash.
There's Power in Them There Shares.
Mutual Fund Scandal Helps ETFs.
PowerShares Becomes a Powerhouseâ€¦ and Other Important Developments of 2005.
Opening the Floodgates.
Grow, Baby, Grow.
Chapter 8: The ETFs That Aren't ETFs: ETPs, ETVs, and ETNs.
You've Got a HOLDR to Cry On.
Money Makes the World Go 'Round.
Chapter 9: Putting the ""Trade"" in Exchange-Traded Funds.
The Actual Trade.
Going Long to Go Short.
Options on ETFs.
Chapter 10: Building Your Own ETF Portfolio.
The Simplest Portfolio.
Assessing Your Risk.
Strategic and Tactical Asset Allocation.
Not Following the Herd.
Hiring an Investment Adviser.
Chapter 11: The Future of ETFs.
The NYSE-Amex Merger.
Specialists and Seed Capital.
Actively Managed ETFs.
Entering the 401(k) Market.
Appendix: How to Decide Which ETFs Are Best for You.
About the Author.