Exchange Traded Funds - ChicagoIn just over a decade, the exchange-traded funds (ETFs) market has grown from one billion dollars to over half-a-trillion dollars. This 2-day course offers practical guidance on how to invest in these funds, trade them, and use them to balance your portfolio. This course covers the mechanics of ETFs, complete with approaches and techniques for hedging positions, preserving capital, and protecting assets from market volatility. |
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| This program will benefit anyone who wishes to enhance their knowledge of investing. It should be of particular interest to traders, portfolio managers, financial planners, brokers, individual investors, investment professionals, research analysts, equity analysts, fund employees, family offices, asset allocators, wealth advisors, and private bankers. |
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| No advance preparation required. |
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Students will be able to:- How ETFs are developed, what types of indexes are used, and the costs that determine returns.
- The advantages and disadvantages of ETFs compared with mutual funds.
- How to spot red flags in a fund to avoid tax problems.
- Proper use of ETFs based on an investor's goals and his/her ability to manage risk.
- Short-selling opportunities associated with ETFs, including inverse ETFs that go up when the market goes down.
- ETF options.
- How to trade ETFs in the European market
- How to use new ETFs that come into the market.
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Day 1 - ETF FundamentalsETFs: Introduction- What Is an ETF?
- Origins of ETFs
- Growth of the ETF Market
- Product Varieties
ETFs Compared to Mutual Funds- Investment Options
- Investment Companies
- Expenses
- Tax Efficiency
- Similarities and Differences between Mutual Funds and ETFs
How ETFs Work- Buying and Selling ETFs
- ETF Creation and Redemption
- Arbitrage and ETFs
- Differences between Unit Investment Trusts and Open-End Companies
- Grantor Trusts/HOLDRs
- Actively Managed ETFs
ETF Regulation- ETFs and ETF Look-Alikes
- Illustration of an ETF Look-Alike
- Red Flags
- Taxes
- Regulations outside the United States
ETF Indexes- What Are Indexes?
- Development of an Index
- Key Requirements
- Tax Issues
- Major Indexes
- Major Indexes
The ETF Universe- ETF Investment Options
- Classification by Capitalization
- Broad Market Index Funds
- Funds Classified by Market Capitalization of Investments
- Style Funds
- International Funds
- Sector Funds
- Specialty Funds
- Commodity Funds
- Currency Funds
- Fixed Income Funds
European ETFs- Investing in European ETFs
- ETF Choices
- ETF Managers—Europe and the United States
- Taxes
- Regulation
- Strategies
- European Currency ETFs
- Europe Is Not One Country
- Eurozone Issues
| Day 2 - ETF Trading StrategiesMoney ManagementShort Selling ETFsETF Arbitrage and Spreading- Forms of Arbitrage
- ETF Arbitrage
- Advantages of Spreading
- ETF Spreads
Options for ETFs- Option Basics and Terminology
- Option Strategies
Evaluating ETFs- Price/Earnings Ratio
- Price/Sales Ratio
- Financial Ratios
- Analyzing the Company’s Profitability
ETFs and Market Activity- Reading the Trends
- Trade in Terms of Probability
- Herd Mentality
Designing, Maintaining, and Manipulating Your ETF Portfolio- Develop Your “Watch List” of ETFs
- Export Your Portfolio into Excel
- Maintain and Manipulate Your Portfolio
Useful Trading Strategies- Build a Customized and Diversified Equity Portfolio That Matches Your Specific Objective
- Manage Risk through Asset Allocation by Sector
- Rebalance Your Portfolio Based on Current Sector Weightings
- Gain Diversified Access to Attractive Investment Themes
- Enhance After-Tax Returns with Tax Swaps
- Use ETF Flexibility to Hedge Concentrated Positions
Web Sites and Other Resources- ETF Screens
- Other Useful Resources
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Lunch included for all students taking day classes. |
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