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- Herausgeber: Stefano Calicchio
- Kategorie: Fachliteratur
- Sprache: Englisch
What is an ETF? How does it work? Learning quickly the ETFs basics of trading has never been so easy. In this guide, you will discover all the information you need to exploit the full potential benefits of Exchange-Trade Funds, the benchmark knowledge, the choice of the relevant markets, the study of negotiation strategies, the asset allocation, and Paper Trading. This publication is the first guide that will help you to understand step by step how to deal with one of the most important financial markets tools in the world. Forget the inefficient theoretical manuals of thousands of pages sold for crazy prices online, and enjoy reading a book that will provide you with the knowledge you wish at an unbeatable price.
Das E-Book können Sie in Legimi-Apps oder einer beliebigen App lesen, die das folgende Format unterstützen:
Veröffentlichungsjahr: 2014
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Stefano Calicchio
Table of contents
Introduction
A General Inside Look at ETFs
How ETFs were born
A Technical Definition of an ETF
Differences between ETFs and other Tools
How an ETF Takes Shape
Definition of Benchmark
Trading consequences
ETFs Costs
Cash-Based ETFs and Swap ETFs
ETFs, Coupons and Dividends
The Importance of NAVs
The Trading Risks of ETFs
Short ETFs
ETFs and Financial Leverage
The ETFs Strategy of Diversification
The ETFs Strategy of Negotiation
The DCAs in the ETFs market
Advantages and Disadvantages of ETFs
Paper Trading in the ETFs Market
Last advice
Conclusion
Self-Evaluation Test
Keys
Introduction
ETFs (Exchange-Traded Funds) are a product that grew extraordinarily in the last decade and it continues to draw the attention of many investors. The secret of their success is probably due to many different factors and their high impact, as well as their simplicity and accessibility.In practice, ETFs can be compared to stocks, because they can be traded in the major financial markets and bought and sold with the same easiness. At the same time, they can offer a very strong diversification, as they can reproduce specific sectors of the economy, such as stocks, indexes, commodities, and bonds.Apart from their varieties, ETFs stand out for their interesting operational flexibility. As you can see later, some of these ETFs allow you to implement strategies, such as short sales and other complex financial tools, which may increase their operation and make a profit in market conditions that are usually seen as negative.These reflections can explain why ETFs have been very successful and why millions of people are using them to manage their own investments.This guidebook, which we have entitled An Easy Approach to ETFs, wants to achieve several goals: • Provide you with a useful introduction that can really explain what ETFs are.• Introduce you in the ETFs world in a simple and accessible way, by explaining you their functions, their trading characteristics, and the main assessment strategies to produce and manage a portfolio.• Provide you with the information you will need to learn the trading basics of ETFs.While you are reading this guidebook, some basic ideas will be resumed several times in order to help you understand and learn this topic. Please read this guidebook without skipping any paragraph, since each issue or chapter is related to the following. The book has been designed for those who have no specialized knowledge in this field as well as for power traders who will have the opportunity to strengthen their knowledge and revise all the issues they could not have used for a long time.So, keep on reading!
A General Inside Look at ETFs
What is an Exchange-Traded Fund? It is a special fund, traded as a stock, whose characteristic is its capability to replicate a benchmark, such as a stock index and a basket of assets or commodities. In accordance with these characteristics, the value of an ETF will be very similar – but not necessarily identical – to the net patrimonial value of the tools that lead to this fund investment. Thanks to this short introduction, it is easy to see why this tool is so attractive for a long-term investor and the most experienced operator. This financial product enables you to diversify your portfolio risk with very low management fees and an accessible capital start. Likewise, ETFs can reduce negotiation costs as well as the portfolio management costs, especially if they are compared with traditional funds. Their characteristics have drawn the attention of many institutional traders who use these tools to maintain the risk at an acceptable level. However, thanks to their advantages, ETFs represent one of the most popular kinds of financial investments among stock traders or all of those who simply choose to manage their own money more effectively. Their main advantage is their possibility of building blocks and several portfolio baskets, because, on the contrary, a very large capital would be needed to replicate them in the same way. From a practical standpoint, this technique stands out for its uniqueness. For example, if you want to create a portfolio whose characteristic is its int [...]
