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Exchange Traded Funds

Structure, Regulation and Application of a New Fund Class

  • Book
  • © 2005

Overview

  • Get to know this new investment class and understand all advantages of these instruments

  • Gain a deep insight into the market and the development of that asset class during the past ten years

  • Some of the information in this book is usually limited to institutional investors with access to research data bases

  • Includes supplementary material: sn.pub/extras

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Table of contents (11 chapters)

Keywords

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)

Editors and Affiliations

  • Walchwil, Switzerland

    Elisabeth Hehn

Bibliographic Information

  • Book Title: Exchange Traded Funds

  • Book Subtitle: Structure, Regulation and Application of a New Fund Class

  • Editors: Elisabeth Hehn

  • DOI: https://doi.org/10.1007/3-540-27637-8

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Business and Economics, Economics and Finance (R0)

  • Copyright Information: Springer-Verlag Berlin Heidelberg 2005

  • Hardcover ISBN: 978-3-540-24124-9Published: 09 May 2005

  • Softcover ISBN: 978-3-642-06326-8Published: 14 October 2010

  • eBook ISBN: 978-3-540-27637-1Published: 28 December 2005

  • Edition Number: 1

  • Number of Pages: VIII, 257

  • Topics: Finance, general, Management

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