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Stock index futures. --- Options (Finance) --- Stock index futures - Europe.

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It's a new world out there. This completely revised and updated edition will show Canadians how to survive and thrive in uncertain and volatile markets. The new edition includes performance analysis on more than 100 newly established ETFs. Exchange traded funds have been called the next generation of mutual funds. Some advocates even believe ETFs will overtake mutual funds as surely as CDs made LPs obsolete. In 2000 there were 30 ETFs trading on North American stock exchanges with assets of 36.5 billion. Today there are more 100 ETFs being traded with assets of more than 75 billion. Analysts

Exchange traded funds. --- Stock index futures.

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In the present paper we analyze the relationship between index funds and asset prices. In particular, our analysis of daily index fund flows indicates a strong contemporaneous correlation between fund inflows and S&P market returns. We also document a strong negative correlation between fund out flows and S&P market returns with the exception of outflows from a fund with very high initial investment requirement. These effects may be interpreted in two ways. Either investor supply and demand affects S&P market prices, or investors condition their demand and supply on intra-day market fluctuations. To sort out these effects, we examine trailing investor reaction to market moves. Our results suggest the market reacts to daily demand. However, only negative reactions appear due to past returns. We investigate whether index investor demand shocks are permanent or temporary by examining the related behavior of the S&P futures index. Clear evidence supports the hypothesis that they are permanent. This result may help explain the unusual recent relative performance of the S&P 500 index. Using the average market-timing newsletter recommendation over the period, we find that investors appear to react to expert' advice about the market. Bullish newsletter sentiment is associated with greater inflows, although outflows are not well explained by newsletter advice. Dispersion in advice is associated with lower inflows. We find a high correlation among a number of variables used as a proxy for investor disagreement.

Index mutual funds. --- Stock index futures

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"Full coverage of ETF investments from an expert in the field The initial edition of Gary Gastineau's The Exchange-Traded Fund Manual was one of the first books to describe and analyze ETFs. It made the case for the superiority of the structure of investor-friendly ETFs over mutual funds and helped investors select better funds among the ETFs available. With this new edition, Gastineau provides comprehensive information on the latest developments in ETF structures, new portfolio variety, and new trading methods. With a realistic evaluation of today's indexes, Gastineau offers insights on actively managed ETFs, improved index funds, and fund and advisor selection. Discusses how to incorporate ETFs into an investment plan. Offers updated coverage of new ETFs, including full-function actively managed ETFs, and a valuable chapter on trading ETFs. Written by the leading authority on exchange traded funds. Exchange-traded funds offer you diversification and participation in markets and investment strategies that have not been available to most investors. If you want to understand how to use ETFs effectively, the Second Edition of The Exchanged-Traded Fund Manual can show you how."--Provided by publisher.

Exchange traded funds. --- Stock index futures.

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Stock exchanges --- Stock-index futures --- Stock Market Crash, 1987 --- Stocks