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Exchange Traded Funds

Structure, Regulation and Application of a New Fund Class

Editors: Hehn, Elisabeth (Ed.)

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  • ISBN 978-3-540-27637-1
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About this book

The organization of traditional mutual funds as Exchange Traded Funds (ETFs) produced revolutionary changes in the fund industry. These changes, and the subsequent events to which they led, have greatly - creased the practical way of trading funds. Traditional mutual fund m- kets were fragmented, and transactions were both costly and from time to time difficult to arrange. Investments in emerging markets for example were anything but efficient. As a consequence of establishing ETF funds market segments, the efficiency of transactions has been broadly increased as well as transaction costs dramatically reduced. All this changed in the early Nineties with the introduction of the first ETF for the purpose of trading funds. Exchange Traded Funds – Structure, Regulation and Application of a New Fund Class is a comprehensive summary of articles covering all aspects of the Exchange Traded Fund industry. Similar to several publications of the last few years this book includes articles form academia as well as the banking, investment, and insurance industry, this combining theoretical evolution and practical implementation of Exchange Trades Funds. The present book is divided into four parts: The opening part, containing ETFs – A Leading Financial Innovation and From Continent to Sectors: Challenges and Uses of ETFs in Europe, is - signed to give the reader broad insight into the industry, developments and trends. Further, the article Spiders: Where Are the Bugs? examine the characteristics and performance of these instruments from an academic point of view.

Reviews

From the reviews:

"This edited collection provides a nice excellent introduction to ETFs. ... Over a third of the book is devoted to appendices detailing existing funds, sample documentation, etc. This book will appeal to any reader with an interest in ETFs-from individual investors to scholars. As a practical introduction that does more that introduce, I recommend it highly." (www.riskbook.com, May, 2006)


Table of contents (11 chapters)

Table of contents (11 chapters)
  • Introduction

    Pages 1-5

    Hehn, Elisabeth

  • ETFs — A Leading Financial Innovation

    Pages 7-19

    Hehn, Elisabeth

  • From Continent to Sectors: Challenges and Uses of ETFs in Europe

    Pages 21-36

    Dubois, Alain (et al.)

  • Spiders: Where Are the Bugs?

    Pages 37-59

    Elton, Edwin J. (et al.)

  • Xetra Active Funds (XAF) — More than “Just” Index Tracking

    Pages 61-70

    Staack, Helge, MBFA

Buy this book

eBook $84.99
price for USA
  • ISBN 978-3-540-27637-1
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase Institutional customers should get in touch with their account manager
Hardcover $109.99
price for USA
Softcover $109.99
price for USA

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Bibliographic Information

Bibliographic Information
Book Title
Exchange Traded Funds
Book Subtitle
Structure, Regulation and Application of a New Fund Class
Editors
  • Elisabeth Hehn
Copyright
2005
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin Heidelberg
eBook ISBN
978-3-540-27637-1
DOI
10.1007/3-540-27637-8
Hardcover ISBN
978-3-540-24124-9
Softcover ISBN
978-3-642-06326-8
Edition Number
1
Number of Pages
VIII, 257
Topics