Exchange Traded Funds
Collective investment schemes and tracker indices.
Led by Paul Meadows · Financial markets trainer
- Duration
- 3 hours
- Price
- £330 + VAT
- Delivery
- Online, in person or hybrid
- Availability
- Scheduled dates or privately on request
Course Overview
Exchange Traded Funds are now firmly established in the investment world. But how do they actually work? Originally created as straightforward, passive equity index tracking instruments, ETFs have evolved considerably across different asset classes, each requiring distinct due diligence approaches. Though they may appear similar externally, the underlying risks vary significantly.
Content & Objectives
- ETFs and traditional index funds compared
- Understanding ETFs and different replication mechanisms
- Primary (redemption, creation process) and secondary markets — authorised participants
- Real-time pricing, arbitrage opportunities and dividends
- Tracking error measurement
- Deciding which ETFs to employ — structure, transparency, cost, liquidity
- Core vs satellite investing
- ETF variations on a theme — inverse, leveraged
- Commodity ETFs — futures or physicals?
- Understanding the importance of contango and backwardation
- Inverse, leveraged and swap-based products and associated risks
More in Securities
An Introduction to Primary Equity Markets
Establishing a private stock-market platform to trade shares in a private company.
An Introduction to Secondary Equity Markets
How the private-equity secondary market provides liquidity and potential advantages versus primary investments.
Equity Capital Markets
The network of financial entities and markets that together help companies raise capital.