The ETF handbook : how to value and trade exchange-traded funds

Cover -- Title Page -- Copyright -- Contents -- Preface -- Acknowledgments -- Introduction -- Part 1 Introduction to the ETF Market Place -- Chapter 1 How Did We End Up Here? -- The History of Investment Products -- In the Beginning, There Were Closed-End Funds -- Mutual Funds -- The Creation of the ETF -- Conclusion -- Notes -- Chapter 2 Steps for Developing an ETF -- Market Access or Outperformance? -- Index Tracking or Actively Managed? -- Underlying Assets -- Rebalancing and Index Changes -- ETF Basket -- Conclusion -- Note -- Chapter 3 Giving an ETF Life in the Markets -- Partnering with an Exchange -- Specialists and Lead Market Makers -- ETF Incubation -- Distribution -- Closing of ETFs -- Conclusion -- Notes -- Part 2 ETF Trading and Execution -- Chapter 4 Trading Volumes and ETF Liquidity -- ETFs Trade Dramatically Different than Stocks -- A Brief Look at Equity Trading Volumes -- A Detailed Look at ETF Trading Volumes -- ETF Money Flows-Don-t Judge an ETF by Its Size -- Where Money Flows Can Steer You Wrong -- Money Flows of the Buyers -- Money Flows of the Sellers -- Looking at CEF vs. ETF Money Flows -- Looking at MF vs. ETF Money Flows -- Conclusion -- Chapter 5 Volume ≠ Liquidity-Understanding ETF Implied Liquidity -- Trading Model -- ETF Implied Liquidity -- Step by Step -- ETF Implied Liquidity: Implied Daily Tradable Shares -- The ETF Basket Implied Liquidity Scale (EBILS) -- Typical Tools of ETF Market Making -- Conclusion -- Notes -- Chapter 6 Execution -- Time Frames and Order Types -- The main order type used by noninstitutional -- Limit Orders -- Stop-Loss and Stop-Limit Orders -- Algorithms -- Some of the largest facilitators of the -- Creations and Redemptions -- Examples of Executions in the Market -- The 10 Keys to Trading ETFs -- Notes -- Chapter 7 Market Participants and Their Trading Strategies.