Leveraged Exchange-Traded Funds: A Comprehensive Guide to by Peter Miu,Narat Charupat PDF

By Peter Miu,Narat Charupat

Leveraged Exchange-Traded cash (LETFs) are publicly-traded cash that promise to supply day-by-day returns which are in a a number of (positive or adverse) of the returns on an index. to fulfill that promise, the money use leverage, that is in most cases acquired via derivatives corresponding to futures contracts, ahead contracts, and total-return swaps. As of the tip of 2012, there have been over 250 LETFs in North the US with overall resources of roughly $32.24 billion. whereas the quantity of resources held through those money continues to be small, their recognition maintains to develop as their buying and selling quantity is considerably greater and lots more and plenty extra dynamic than conventional, non-leveraged ETFs.

This accomplished consultant to LETFs offers high-level practitioners and researchers with a close reference device for navigating the industry and making knowledgeable funding judgements. Written from a measured analytical standpoint, Miu and Charupat use transparent and concise causes of all vital facets of LETFs, concentrating on such key components as constitution, pricing, functionality, laws, taxation, and buying and selling innovations. the 1st chapters set the level for the e-book through making a choice on precisely what LETFs are and the way they're regulated. the subsequent chapters then glance to bridge concept with perform to dive deep into the mechanics, portfolio rebalancing strategies, and day-by-day compounding results that make making an investment in those cash so lucrative.

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Leveraged Exchange-Traded Funds: A Comprehensive Guide to Structure, Pricing, and Performance by Peter Miu,Narat Charupat

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