The Institutional ETF Toolbox
It is widely known that exchange-traded funds (ETFs) have democratized investing by giving the little guy (retail) the same access as the big guy (institutions). While that is very true, the less-told story is that many institutions have also turned to ETFs for a wide variety of purposes. This detailed look at ETFs by Bloomberg's top ETF authority, Eric Balchunas, focuses on the fundamentals, best practices, and latest ETFs specifically useful to institutional investors. Professional-level guidance will help you understand, use, and perform due diligence on the diverse choice of ETFs available today. A range of examples, as well as valuable insight from leading practitioners, illustrate how some institutions went outside the norm to use ETFs in innovative and profitable ways. Cutting-edge coverage also includes new perspectives on liquidity and trading that reveal a wide range of possibilities for institutions.
The first section looks at why ETFs are so popular, where they came from, how they work, all the ways different institutions are using them, and what it takes to research and vet them. The second part gives you a categorical overview of the breadth of ETF choices available and enables you to dig down into the specifics of each one. You'll turn to this section again and again for its:
- In-depth look at various asset classes, including equities, fixed income, and alternatives
- Expanded coverage on such hot-topic areas as smart beta, currency hedging, and liquid alts
- Insider's perspective on trading ETFs, including how to consider premiums and discounts
Case studies in each section are carefully selected to provide an analytic edge when evaluating ETFs, making this reference endlessly useful in practice.
The Institutional ETF Toolbox is the institutional investor's guide to utilizing exchangetraded funds and taking full advantage of the innovative new products in their expanding repertoire. The ETF toolbox is expanding rapidly with nearly one new ETF launching every day this decade. As with any financial innovation, this phenomenon brings both opportunity and concerns, as well as a dire need for clarity and strong due diligence skills. In The Institutional ETF Toolbox, the professional money manager can take another look at ETFs, one of the most powerful and fastest-growing investing options available today.