Book Reviews

Exchange Traded Funds: A Concise Guide to ETFs

Harriman House, £20.99 from the publisher (RRP £34.99). This is another of Harriman House's admirably clear guides for investors, written in this case by a financial editor on the latest generation of collective investments exchange traded index trackers. The first part of the book describes how ETFs work and puts their development into historic context. Their rapid growth (now over $1,000 billion worldwide) reflects their efficient tracking of indices, their liquidity and their low cost and their significant tax advantages in the US. Whilst positioned ...
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