by Richard A. Ferri
Richard Ferri's The ETF Book serves as a comprehensive guide to understanding exchange-traded funds (ETFs) for investors of all experience levels.
Ferri breaks down the essentials of how ETFs function, including the unique creation and redemption process that keeps their pricing in line with the value of their underlying assets.
He also covers different types of ETFs—from index and sector ETFs to commodity and bond ETFs—highlighting their respective benefits and ideal uses within a portfolio.
Ferri goes beyond the basics, discussing tax efficiency, liquidity, and cost advantages of ETFs compared to mutual funds.
Additionally, he provides actionable insights into how ETFs can be used for various strategies, whether investors seek long-term growth, income, or sector-specific exposure.
By the end, readers gain a full understanding of how ETFs can optimize portfolio diversification, reduce costs, and enhance flexibility. This book is an invaluable resource for anyone interested in ETFs, offering tools and guidance for building a balanced and strategic portfolio.