[eBook Code] The ETF Handbook (eBook Code, 2nd)

Preface ix

Acknowledgments xv

Introduction xvii

Part One

Introduction to the ETF Market Place 1

Chapter 1

How Did We End Up Here? 5

Chapter 2

Steps for Developing an ETF 32

Chapter 3

Giving an ETF Life in the Markets 50

Part Two

ETF Trading and Execution 69

Chapter 4

Trading Volumes and ETF Liquidity 71

Chapter 5

Volume ≠ Liquidity—Understanding ETF Implied Liquidity 96

Chapter 6

Execution 128

Chapter 7

Market Participants and Their Trading Strategies 155

Chapter 8

Market Structure and ETFs—Protecting Your Portfolio from Flash Crashes 181

Part Three

ETF Valuation 207

Chapter 9

ETFs with Domestic Holdings 209

Chapter 10

ETFs with International Constituents 224

Chapter 11

Fixed-Income and Currency ETFs 240

Chapter 12

Leveraged, Inverse, and Commodity Products 266

Chapter 13

Structure of an ETF 281

Appendix A

Bloomberg ETF Reference Guide 304

Appendix B

ETF Issuers 314

Appendix C

An Overview of Japanese ETF Market 316

Appendix D

An Overview of European ETF Market 322

About the Author 327

Index 329