Leveraged Exchange-Traded Funds: A Comprehensive Guide to Structure, Pricing, and Performance

Leveraged Exchange-Traded Funds: A Comprehensive Guide to Structure, Pricing, and Performance

By: Narat Charupat (author), Peter Miu (author)Hardback

In Stock

£51.75 RRP £57.50  You save £5.75 (10%) With FREE Saver Delivery

Description

This comprehensive guide to Leveraged Exchange-Traded Funds provides high-level practitioners and researchers with a detailed reference tool for navigating the market and making informed investment decisions. Written from a measured analytical perspective, Miu and Charupat use clear and concise explanations of all important aspects of LETFs.

Create a review

About Author

Narat Charupat is Professor of Finance at the DeGroote School of Business, McMaster University, USA. Prior to joining academia, he worked as a financial analyst for an investment bank and risk management software company, where he conducted research into the areas of financial innovation, security designs, annuity and insurance products, arbitrage relationships, commodity investments, and behavioral finance. He is the co-author of a textbook on strategic financial planning and has published extensively in the Journal of Banking and Finance, Journal of Economic Theory, Journal of Financial and Quantitative Analysis, and Journal of Risk and Insurance. Dr. Peter Miu is Professor of Finance at the DeGroote School of Business, McMaster University. His research is primarily in the areas of credit risk modeling, exchange-traded funds, and investments. He has served as a consultant for major financial institutions in North America, where he worked on such issues as validations of credit risk measures, regulatory capital requirements, risk rating and stress testing modeling. He is the co-author of two books on Basel II and III that provide both the theory and practical how-to knowledge risk management professionals need to implement the concepts of these regulatory requirements in their institutions. He has also published extensively in journals on issues related to leveraged exchange-traded funds. He sits on the editorial board of the Journal of Risk Model Validation and currently holds the Michael Lee-Chin & Family Professorship in Strategic Business Studies at the DeGroote School of Business.

Contents

List of Figures List of Tables 1. Introduction 2. Regulations and Taxations of Leveraged ETFs 3. Mechanics of Leveraged Exchange-Traded Funds 4. Return Dynamics and Compounding Effects 5. Pricing Efficiency 6. Performance and tracking errors of LETF 7. Trading Strategies 8. Options on LETFs Bibliography

Product Details

  • publication date: 05/01/2016
  • ISBN13: 9781137478207
  • Format: Hardback
  • Year: 2016
  • Number Of Pages: 186
  • ID: 9781137478207
  • weight: 444
  • ISBN10: 1137478209

Delivery Information

  • Saver Delivery: Yes
  • 1st Class Delivery: Yes
  • Courier Delivery: Yes
  • Store Delivery: Yes

Prices are for internet purchases only. Prices and availability in WHSmith Stores may vary significantly

Close