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Getting started in Exchange Traded Funds (ETFs)

 Format: Print  Author/s: Lofton, Todd  Call Number: HG6043 L64 2007  Publisher: John Wiley & Sons, Inc.  Place of Publication: Hoboken, New Jersey  Date of Publication: 2007  ISBN: 9780470043585  Pages: 287  Language: English  Dimension: 24 cm  Tags: Exchange traded fundsStock index futures |
 About the Resource:

Welcome to a unique new way to invest.

 

To answer your first question, an exchangetraded fund is a basket of stocks that duplicate a stock index, such as the S&P 500 or Dow Jones. The basket trades on the exchange as a single stock. This arrangement gives an exchangetraded fund (ETF) special qualities. For one thing, because an ETF represents the stocks of several different companies, it carries lee risk that a share of stock in just one company. ETFs can be bought and sold throughout the trading day. They can be shorted, bought on margin, a traded with stop and limit orders. They are passively managed, so they have much lower turnover and smaller expenses that actively managed funds.

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