Cantitate/Preț
Produs

Exchange Traded Funds and E–Mini Stock Index Futures: Wiley Trading

Autor David Lerman
en Limba Engleză Hardback – 23 oct 2001
Shows how to use both ETFs and E–Minis for high–powered resultsExchange Traded Funds (ETFs) are a remarkable new tool for trading and investing in broad market segments or narrow sectors. ETF trading volume and asset growth continue to soar at record levels. Ideal for speculating in and hedging as well as long–term investing in the broader markets, these index products work together to diversify and balance any global portfolio. Now, one of the top executives (and experts) in the industry reveals the intricacies of the products, how to use them, and what the future holds. Readers will get sample index portfolios and strategies for all market participants––ranging from the short–term trader to the long–term investor; and from the risk taker to the conservative investor.
David Lerman(Chicago, IL) is the Senior Director of Equity Index Products Marketing at the Chicago Mercantile Exchange. He has traveled around the globe on behalf of the CME, giving seminars and workshops to retail and institutional audiences, including pension funds, corporations, banks and brokers on risk management/trading using equity index futures and options.
Citește tot Restrânge

Din seria Wiley Trading

Preț: 41917 lei

Nou

Puncte Express: 629

Preț estimativ în valută:
8022 8463$ 6685£

Carte tipărită la comandă

Livrare economică 30 decembrie 24 - 04 ianuarie 25

Preluare comenzi: 021 569.72.76

Specificații

ISBN-13: 9780471442981
ISBN-10: 0471442984
Pagini: 336
Dimensiuni: 162 x 235 x 29 mm
Greutate: 0.65 kg
Editura: Wiley
Seria Wiley Trading

Locul publicării:Hoboken, United States

Public țintă

Traders and investors; individuals and professionals

Descriere

Praise for EXCHANGE TRADED FUNDS and E–MINI STOCK INDEX FUTURES

"The publishing of Exchange Traded Funds and E–mini Stock Index Futures provides investors, retail and institutional alike, great insight as to the structural advantages and applications of these two innovative investment and trading instruments. The launch of these products continues the trend of democratization of index investing empowering more investors to capitalize on the virtues of indexing. Mr. Lerman′s book is a great reference tool to gain a better understanding of these exciting products."–Nick Lopardo, Vice Chairman, State Street Corporation, and Chairman & CEO, State Street Global Advisors

"This book is a must–read for anyone thinking of investing/trading in Exchange Traded Funds (ETFs) and E–mini stock index futures! Lerman combines excellent research with practical examples to provide a comprehensive analysis of one of the fastest growing products in all of finance."–Jay Baker, Vice President of Exchange Traded Funds Marketing, Spear, Leeds & Kellogg

"David is one of the most powerful communicators in the industry. His succinct style and practical examples make this book a must–read for anyone thinking of investing in ETFs and E–mini stock index futures. Standard & Poor′s is proud to have played a role in the success of these innovative and exciting new products."–Shirley Petersen, Vice President, Global Licensing, Standard & Poor′s Corp.

"Here′s a great guide for those looking to get started in index investing and to learn how

by using Wall Street′s most successful new investment vehicles–exchange traded funds and E–mini stock index futures."–Erin Arvedlund, Staff Writer, Barron′s magazine

"The ownership of index funds is a must for all long–term investors. David Lerman has done a terrific job of explaining everything you need to know in order to take advantage of the broad array of index fund products on the market. He shows just how simple it is to be a participant in funds that routinely outperform nearly every money manager in existence."–Lawrence G. McMillan, author of McMillan on Options and President, McMillan Analysis Corp.

Textul de pe ultima copertă

Praise for EXCHANGE TRADED FUNDS and E–MINI STOCK INDEX FUTURES

"The publishing of Exchange Traded Funds and E–mini Stock Index Futures provides investors, retail and institutional alike, great insight as to the structural advantages and applications of these two innovative investment and trading instruments. The launch of these products continues the trend of democratization of index investing empowering more investors to capitalize on the virtues of indexing. Mr. Lerman′s book is a great reference tool to gain a better understanding of these exciting products."–Nick Lopardo, Vice Chairman, State Street Corporation, and Chairman & CEO, State Street Global Advisors

"This book is a must–read for anyone thinking of investing/trading in Exchange Traded Funds (ETFs) and E–mini stock index futures! Lerman combines excellent research with practical examples to provide a comprehensive analysis of one of the fastest growing products in all of finance."–Jay Baker, Vice President of Exchange Traded Funds Marketing, Spear, Leeds & Kellogg

"David is one of the most powerful communicators in the industry. His succinct style and practical examples make this book a must–read for anyone thinking of investing in ETFs and E–mini stock index futures. Standard & Poor′s is proud to have played a role in the success of these innovative and exciting new products."–Shirley Petersen, Vice President, Global Licensing, Standard & Poor′s Corp.

"Here′s a great guide for those looking to get started in index investing and to learn how

by using Wall Street′s most successful new investment vehicles–exchange traded funds and E–mini stock index futures."–Erin Arvedlund, Staff Writer, Barron′s magazine

"The ownership of index funds is a must for all long–term investors. David Lerman has done a terrific job of explaining everything you need to know in order to take advantage of the broad array of index fund products on the market. He shows just how simple it is to be a participant in funds that routinely outperform nearly every money manager in existence."–Lawrence G. McMillan, author of McMillan on Options and President, McMillan Analysis Corp.

Cuprins

Preface.

Acknowledgments.

PART I: FROM RANDOM WALK TO A TRILLION–DOLLAR PHENOMENON.

From Random Walk to a Trillion–Dollar Phenomenon: Why Indexing Works So Well.

The Players.

The Indexes.

PART II: EXCHANGE TRADED FUNDS.

ETFs: Beginnings, Advantages, Attributes.

Details: ETF Structures, the Creation–Redemption Process.

General Strategies Using ETFs.

ETF Highlights.

PART III: THE FASTEST–GROWING INDEX PRODUCTS: E–MINI S&P 500 AND E–MINI NASDAQ–100 FUTURES––APPLICATIONS AND CASE STUDIES.

E–Mini Stock Index Futures: The History and Basic Nomenclature.

E–mini Stock Index Futures: Contract Highlights, Trading Fundamentals, Basis, and Fair Value.

Short–Term Strategies Using E–mini Stock Index Futures and ETFs.

PART IV: ADVANCED TOPICS AND THE ROAD AHEAD.

Longer–Term Strategies: Asset Allocation with ETFs.

Risk: The Most Ignored Four–Letter Word.

ETFs Beyond the United States.

The Future of ETFs and E–mini Stock Index Futures: The Road Ahead.

Frequently Asked Question (and Answers) About ETFs and E–Mini Stock Index Futures.

Appendix 1: Electronic Trading Considerations.

Appendix 2: ETFs and Small–versus Large–Cap Cycles.

Appendix 3: Index Arbitrage and Program Trading.

Endnotes.

Glossary.

Suggested Reading.

Recommended Web Sites.

Timeline.

Answers to Quizzes.

Index.

Notă biografică

DAVID LERMAN is the Associate Director of Equity Index Products Marketing at Chicago Mercantile Exchange Inc. Lerman was previously a member of the Chicago Board of Trade, where he traded futures and options on U.S. Treasury Bonds. He was also Senior Portfolio Manager at Zavanelli Portfolio Research, a Park Ridge, Illinois, investment management firm. Lerman taught investment management at Harper College and has lectured at the Northwestern University Kellogg Graduate School of Management. He received his BA in biochemistry from the University of Chicago.