This is a complete look at one of the newest investment vehicles available. The Exchange-Traded Funds Manual is the most comprehensive book on ETFs currently available. It describes and, more importantly, analyzes the principal features of the ETFs that are available today and compares them to conventional mutual funds, HOLDRs, and Folios. In outlining the features of ETFs, this detailed manual integrates ETFs with a wide range of other investment topics that are of concern to both investors and advisors, while anticipating probable developments in ETF offerings. From providing a clear picture of the markets to concrete suggestions for order entry and execution at minimal cost, this guide will help even the most sophisticated investors avoid common pitfalls. Gary L. Gastineau (Short Hills, NJ) is a Managing Director at Nuveen Investments where he is responsible for the development and introduction of Nuveen's new open-end exchange traded funds. Gastineau has specialized in the development and use of financial instruments for portfolio and risk management applications since 1975. John Wiley &;amp Sons, Inc. is proud to be the publisher of the esteemed Frank J. Fabozzi Series. Comprising nearly 100 titles-which include numerous bestsellers-The Frank J. Fabozzi Series is a key resource for finance professionals and academics, strategists and students, and investors. The series is overseen by its eponymous editor, whose expert instruction and presentation of new ideas have been at the forefront of financial publishing for over twenty years. His successful career has provided him with the knowledge, insight, and advice that has led to this comprehensive series. Frank J. Fabozzi, PhD, CFA, CPA, is Editor of the Journal of Portfolio Management, which is read by thousands of institutional investors, as well as editor or author of over 100 books on finance for the professional and academic markets. Currently, Dr. Fabozzi is an adjunct Professor of Finance at Yale University's School of Management and on the board of directors of the Guardian Life family of funds and the Black Rock complex of funds.