ETF Investment Strategies: Best Practices from Leading Experts on Constructing a Winning ETF Portfolio

by Ullal

Whether you manage your own assets or help others reach their fi nancial goals, ETF Investment Strategies will help you securely grow wealth in the new economy. In this groundbreaking book, ETF authority Aniket Ullal lets you look over the shoulders of 10 top ETF investors to learn their processes and strategies. Through illustrative case studies, you learn the basics of how they work, why they're growing in popularity, and how you can use them effectively in your portfolio. These innovative, early adopters prepare you with everything you need to improve your investments, including never-before-published insights. Whether you're new to ETFs or new to trading, this book will make you an informed investor who Construct ETF-based investment portfolios to achieve your financial goals Leverage the range of ETF products available to get improved outcomes Avoid costly fees and taxes that cut into your returns ETFs have revolutionized the investment industry, and with the reliable, objective guidance in ETF Investment Strategies , they can alter your expectations for what a portfolio can do. Exchange-traded funds (ETFs) have been around for two decades, but, in the last five years, the market has grown rapidly. This growth has been driven by savvy investors who want diversified, tradable access to asset classes such as emerging market bonds, commodities, and volatility that were previously difficult and expensive to access. ETF Investment Strategies is a how-to gem that offers an insider's look at the investment practices of leading ETF portfolio managers. ETF expert Aniket Ullal goes in-depth with 10 global ETF leaders--the pros who have traded many of these products since their launch--and presents the most comprehensive, accessible guide available for constructing and maintaining ETF portfolios. These early adopters share their investment approaches and their practical insights on ETF-based portfolio construction, and they explain how you can use this knowledge to be a more successful investor. ETF Investment Strategies strips away the complexity of ETFs and enables you

256 pages, Hardcover

First published January 1, 2013

Reviews

[Dray · Rating 4 out of 5]

I liked this book. I have read about 4-5 books on ETFs and this was a useful one. The strengths of the book are (I feel) it gives a good midlevel view of ETFs as an investment strategy, the varieties of views contained in this view, possible future trends for ETFs, and interesting reports on a variety of real market professionals who use ETFs using different strategies for their clients. I was grateful the book did not go into any detail about specific ETF products but kept a midlevel view. Worth the read if you want to better understand ETFs.

[dehsaR · Rating 3 out of 5]

Takeaways:

Long term everything averts to the mean. Meaning if an etf has been increasing the past 6 months it might continue (short term in etf span) but over 12-18 months it will return to its mean.


Fundamental indexing assumes market inefficiency and that market cap indexing will contain more of overvalued stocks and less of undervalued stocks resulting in subpar/avg returns.

Growth stocks in emerging markets tend to be mispriced as they are valued based on stories rather than fundamentals. High risk reward.



Most of the valuations will take into consideration the macroeconomic factors such as gdp growth, monetary policy, inflation etc…

Main management:
-top down analysis : biz cycle based on economy
-bottom up analysis: fundamentals and price
= order into 3 categories: overvalued, undervalued, fairvalued