Exchange-Traded Funds For Dummies
Chapter One
The New Kid on the Block
In This Chapter
* Discovering the origin of ETFs
* Understanding their role in the world of investing today
* Getting a handle on how they are administered
* Finding out how they are bought and sold
* Calculating their phenomenal growth
There are, no doubt, a good number of pinstriped ladies and gentlemen in
and around Wall Street who froth heavily at the mouth when they hear
the words exchange-traded fund. In a world of very pricey investment products
and very lucratively paid investment-product salespeople, ETFs are the
ultimate killjoys.
Since their arrival on the investment scene in the early 1990s, more than 300
ETFs have been created, and they have grown faster in asset accumulation
than any other investment product. And that is a good thing. ETFs have
allowed the averag ... read full excerpt from Exchange-Traded Funds For Dummies ebook
