Course curriculum

  • 1. Introduction

    • 1.1 What is an ETF?

  • 2. Benefits of Investing Via ETFs

    • 2.1 Low Costs

    • 2.2 Liquidity

    • 2.3 Transparency

    • 2.4 Access

    • 2.5 Tax Efficiency

  • 3. How ETFs Work

    • 3.1 Creation/Redemption Process

    • 3.2 How Fair Value Is Assessed

  • 4. Equity ETFs

    • 4.1 Key Issues

    • 4.2 How Does an ETF Select the Stocks Included in the Fund?

    • 4.3 How Does the ETF Weigh Those Stocks Once They Are on the List?

    • 4.4 International Equities

  • 5. Bond ETFs

    • 5.1 Credit Quality

    • 5.2 Duration and Maturity

    • 5.3 Currency and Country Risk

    • 5.4 Bond ETFs are Not Bonds

    • 5.5 Tracking Error

    • 5.6 Price Discovery

  • 6. Commodity ETFs

    • 6.1 Commodity ETFs

    • 6.2 Components of Futures-Based ETF Returns

    • 6.3 The Challenge of Commodities Indexing

  • 7. Alternatives ETFs

    • 7.1 Main Objectives

    • 7.2 Absolute Return ETFs

    • 7.3 Volatility ETFs

  • 8. Leveraged and Inverse ETFs

    • 8.1 Leveraged ETFs

    • 8.2 Swap-Based vs Futures-Based

    • 8.3 Applications of Leveraged ETFs

  • 9. ETF Strategies in Portfolio Management

    • 9.1 ETFs in Strategic Portfolio

    • 9.2 Tactical Adjustments Using ETFs

    • 9.3 Factor-Based Investing with ETFs

    • 9.4 Thematic Exposures Using ETFs

    • 9.5 ETF Option Strategies

  • 10. Assessment

    • Instructions

    • Questions