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...

Investors have too often extrapolated from recent experience. In the 1950s, who but the most rampant optimist would have dreamt that over the next fifty years the real return on equities would be 9% per year? Yet this is what happened in the U.S. stock market. The optimists triumphed. However,...