Exchange Traded Funds as an Investment Option


A. Seddik Meziani

Series: Finance and Capital Markets Series

Palgrave Macmillan



Exchange Traded Funds (ETF's) are a relatively new open- ended investment vehicle. Launched in 1993, their appeal as an important and unique financial product has compelled institutional and retail investors to look anew at their almost endless possibilities. This has led to their dramatic expansion. Meziani draws from his academic and corporate expertise to straddle both theory and practice. Using this book, practitioners, academics and students alike will find a thorough explanation of the theoretical ideas underlying ETF's, along with their detailed analysis, communicated in practical and clear terms.

Contents



Active versus Passive Investing
Security Market Indexes
Exchange-Traded Funds versus Mutual Funds - Weighting the Options
Tax Advantages of Exchange-Traded Funds
Tax Savings of ETFs over Mutual Funds: A Case Study
Evolution and Outlook of Equity ETFs
Fixed-Income ETFs
Exchange-Traded Funds and the Wash-Sale Rule: New Twists on an Old Plot
Anatomy of the ETF Landscape in Europe: General Market Conditions
ETFs for Europe and Other Market Exposures
Long-Short Investment Strategies Using ETFs
Other ETF Investment Strategies and Applications
Investment Strategies Using Options on ETFs

Author



A. SEDDIK MEZIANI is a Professor of Finance and Economics at Montclair State University, USA. He earned a Ph.D. in Managerial Economics from Rensselaer Polytechnic Institute and an MBA in Finance and International Business from New York University. Prior to his current position, he worked in the Research Departments of TIAA- CREF and Standard & Poor's. Alongside consulting, he maintains professional affiliations with academic and business associations, such as PRMIA and the NYC-Area Chapter of QWAFAFEW. He is a frequent guest speaker at ETF conferences.