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Exchange-traded funds (ETFs) are revolutionizing the investment industry. From their introduction in 1993, ETFs have expanded exponentially over the past fifteen years. You, as an informed investor, need to know what makes ETFs unique, how they work, and which funds may help you achieve your financial goals. The updated edition provides the most current look at the ETF market, where the number of funds has doubled since the book first published in December 2007. A huge number of bonds funds, commodities funds, currency funds, leverage and short funds have been introduced. In addition, actively managed ETFs are here now, and some major mutual fund companies, like Fidelity and PIMCO, are getting into the market. Remarkably, the terminology in the ETP marketplace is also evolving at a rapid pace. The acronym ETP for exchange-traded product has become an industry standard. The term did not exist two years ago.

Written by veteran financial professional and experienced author Richard Ferri, The ETF Book, Updated Edition gives you a broad and deep understanding of this important investment vehicle and provides you with the tools needed to successfully integrate exchange-traded funds into any portfolio.

This detailed, yet clearly articulated guide contains the most up-to-date information on navigating the growing number of ETFs available in today's marketplace. Divided into four comprehensive parts, this guide addresses everything from ETF basics and in-depth fund analysis to the tax benefits of using ETFs. Included are a variety of portfolio management strategies using ETFs and examples of different model portfolios that you can easily adapt to your own investment endeavors.

Whether you're just getting started or are a seasoned ETF investor, The ETF Book, Updated Edition will help enhance your understanding of this evolving field by:

• Examining the fundamental differences between exchange-traded portfolios
• Highlighting how to effectively implement a wide selection of ETFs?from
• Exploring specific ETF strategies?from buy and hold to market timing and sector rotation
• Introducing Index Strategy Boxes?a new way to understand index construction and how a fund is investing your money
• And much more

Each chapter of The ETF Book, Updated Edition offers concise coverage of various issues. It is filled with in-depth insights on different types of ETFs and practical advice on how to select and manage them. The appendixes are an added benefit, offering an ETF Resource List, which will point you to more places for information on these structures, and a detailed Glossary to help you with industry-specific definitions.

The ETF Book, Updated Edition is an invaluable road map for developing a winning investment strategy. Armed with the knowledge found throughout these pages, you'll be prepared to build a solid portfolio of ETFs that will benefit you for years to come.

User Reviews about The ETF Book: All You Need to Know About Exchange-Traded Funds

Very helpful first step book about ETF's. For people new at ETF's this is a great descriptive book. It has tons of explanations about what to take care of and keep an eye on. However, I was expecting more deep analysis about ASSET Allocation, which is without doubt one of the most important things about ETF. There is just a glance about this part. Again, this is very good book for entry level but if you need more deep how to's and strategy about asset allocation, probably you will need to buy another book to fill the gap. -- Great Beginners Book

This is a very good book and it is well organized. But, I recommend you his previous two books much more: "all about asset allocation" and "all about index funds". The ETF book is basically composed of parts of those two books. This book is not as impressive as those. -- Good book but rephrase of previous books.

Please read this along with the following books that I recommend.

Crash Proof: How to Profit From the Coming Economic Collapse (Lynn Sonberg Books)
The Creature from Jekyll Island: A Second Look at the Federal Reserve
Web of Debt: The Shocking Truth About Our Money System and How We Can Break Free
The Revolution: A Manifesto
America's Financial Apocalypse: How to Profit from the Next Great Depression (Condensed Edition)

On the subject of the ETF, this is one of the best books I have found on Amazon.

I love Richard Ferri's books. His writing style is readable and easy to follow through. Another thing I like about his philosophy is that he is HONEST. He is not like authors selling useless stock trading or stock picking books.

The book covers a broad range of topics, a little history about separation of investment banks and retail banks, how investment banks create etf's and how they generate profit, agencies involved in creating and regulating etf's, sample asset allocation, risk management, etc.


-- Please see my other recommended books for supplemental education

I found this book helpful to better understand some of the nuances about ETFs that are quite complex, but I couldn't help noticing the many spelling and grammatical errors that were present throughout the text. It seemed like this book was quickly thrown together so that it could be one of the first comprehensive and detailed looks at a new investment phenomenon that is gaining ground on mutual funds and closed-end funds.

The only problem is that some of the errors in this book go beyond simple spelling mistakes, and may even lead to some serious investment mistakes and negative tax implications if readers aren't otherwise familiar with account types that the author misrepresents in this book. For example, Traditional IRAs are not non-taxable, rather they are tax deferred. Be careful, because if you read this book and invest in an IRA because you think it is non-taxable, you will be in for quite a ruid awakening. These kinds of mistakes undermine an otheriwse helpful and useful text about ETFs.

My other problem with this book is the clear bias the author expreses in favor of passive investment strategies. Without the bias, the book would have felt more academic and objective, and not so skewed.

The book is worth reading, but be careful, because there are some serious flaws that can lead to trouble here. -- Great content; poor editing

This is a great book for content: very thorough introduction to ETFs; compares ETFs to mutual funds and describes other exchange traded securities that may be confused with real ETFs. Recommended reading before getting into ETF investing. (Recommended supplementary work: the ETF section of morningstar.com. Note: I have no connection to Morningstar, just a long time user).

About the Kindle edition: the Kindle formating is pretty bad. The line spacing compared to the type size is very close and tight, which makes for tiresome reading. Some books' formats simply don't seem to convert well for Kindle, and this is one of them.

On the plus side for Kindle: all the tables and charts are readable; although you may need to look closely, the text is readable, which is more than I can say for some Kindle editions of books with charts & graphs.
-- Kindle edition review