Arguably the most popular new products in the investment world, exchange traded funds (ETFs) and E-mini stock index futures (the " E" standing for electronic market access) have achieved more success than even the most radically optimistic forecaster could have predicted. Industry executive and expert in the field, David Lerman, reveals the intricacies of these products, how to use them, and what the future holds for these exciting investment vehicles.

Launched in 1993, the first exchange traded fund– the S& P 500 Depositary Receipts (SPDRs, affectionately known as " Spiders" )– combined low costs, greater tax efficiencies, and superb liquidity for investors. This book explains dozens of new ETFs, including the popular QQQs, iShares, and streetTRACKS, and will teach you how these tools are used for long-term and short-term strategies in broad-based and sector indices. It also discusses in depth how the E-mini S& P 500 and other E-mini Nasdaq-100 futures allow traders to profit on the direction of indexes.

Exchange Traded Funds and E-mini Stock Index Futures offers investors, traders, investment advisors, and brokers a full-scale examination of these extraordinary products including:

• The nuts and bolts of ETFs andE-mini stock index futures, including the advantages and attributes of each product, the basics of stock index futures from the clearinghouse to performance bond margins, and contract specifications
• How ETFs and E-mini stock index futures can fit into nearly any investor’ s portfolio and reduce costs, increase returns, and alleviate the tax burdens commonly associated with traditional mutual funds
• Blending active management and indexing to create " core-satellite" strategies widely implemented by institutions
• How to use E-mini stock index futures for trading and spreading strategies, hedging, and other risk management strategies

With numerous charts, graphics, and case studies, Exchange Traded Funds and E-mini Stock