Comments on the 1st and 2nd editions:
"When I explore in depth the pros and cons of mutual funds and exchange-traded funds, I go to Gastineau; and when I explore exchange-traded funds in depth, I again go to the definitive source, Gastineau."
—John A. Haslem, Mutual Funds Research, Professor Emeritus of Finance,
University of Maryland, and Editor of Mutual Funds: Portfolio Structures, Analysis, Management
and Stewardship
"Gary Gastineau has done it again with this new revised version of his Exchange-Traded Funds Manual. If there's anything you need to know about ETFs, it'll be in here. If it's not in here, you don't need to know it. Trust me, I'm a doctor."
—Don Chance, Ph.D., CFA, Flores Chair and Professor of Finance,
Louisiana State University
"Gary Gastineau is one of the most profound thinkers in the ETF space and also one of its best writers. This book covers both the history and future of ETFs in a way that is highly readable, informative, and even entertaining. Investors will come away from this book with a better understanding of the advantages (and disadvantages) of ETFs and will be better prepared to use them in portfolios."
—Matt Hougan, Editor, IndexUniverse.com and ETFR
"Exchange Traded Funds are simply the biggest development for the average retail investor in the past decade. No more need to pay huge fees for opaque mutual funds/unit trusts. Just go to an exchange, buy the fund and hey presto you can track indices and have total price transparency for as long as the exchange is open. I championed ETFs in my book 'Capital Market Revolution' and I am delighted to see that ETF pioneer Gary Gastineau has produced a terrific, comprehensive book on every aspect of Exchange Traded Funds. If you have any questions about ETFs, they will be answered by this book..."
—Patrick L. Young
author "Capital Market Revolution"
Founder and Chairman, Derivatives Vision
“Exchange-traded funds are the hottest finance innovation of the past decade. Gary Gastineau, who played a critical role in their development, demystifies the working of these instruments, lucidly describes their advantages and disadvantages, and guides investors on their use. This gem of a book will be the ETF bible for years to come.”
—Burton Malkiel, Chemical Bank
Chairman’s Professor of Economics,
Princeton University
“This is the first comprehensive book on exchange-traded funds. The author displays an institutional and practical knowledge of exchange-traded funds that makes this book necessary reading for not only the knowledgeable investor but for the professional researcher seeking to understand these relatively new investment vehicles.”
—Martin J. Gruber, Nomura Professor of Finance,
Stern School of Business, New York University
“Gary Gastineau is a national treasure. Exchange-traded funds are the wave of the future, and Gary has been instrumental in their development from day one. His knowledge is encyclopedic, and his style and subtle humor make it all accessible to the reader.”
—Wayne H. Wagner, Chairman,
Plexus Group, Inc.
"In Gary Gastineau's brilliant work in illuminating the reader on exchange-traded funds, he provides rich insights into the process and methodology of adding value and cites a convergence of market forces that creates a compelling story for the use of ETFs for those who choose to add value."
—Stephen C. Winks, Publisher, Senior Consultant
“The introduction of exchange-traded funds was one of the success stories of Wall Street in the 1990s. Gary Gastineau was a key contributor to this success, and his book is an important benchmark on both the current status of this important new category and the vast potential of its next-generation products.”
—Salvatore Sodano,
Former Chairman and Chief Executive Officer
American Stock Exchange
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