CHAPTER 8
Options on ETFs
We expect history will ultimately record the introduction of ETFs as important an addition to the investment landscape as the introduction of options, futures, or mutual funds. Already a part of mainstream investing and still rapidly growing, ETFs are supplanting both individual stocks and mutual funds in many investment portfolios and adding numerous bonds, commodities, and foreign indexes that were previously unavailable. In 2003, when we published the first edition of this book, about 200 or so ETFs were listed and options had begun trading on a dozen or more of them. Recent statistics for the early part of 2011 indicate that there are now over 3,500 ETFs with $1.4 trillion in assets worldwide and that by the end ...
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