
- 200 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
About this book
On January 22, 1993, the first exchange-traded fund was launched in the United States. It was called the SPDR fund—also known as the "Spider"—and it offered convenient and affordable exposure to a range of markets in a new way, different from traditional mutual funds. Shortly after this introduction, ETFs became an incredibly popular option for both individuals and for institutional investors, and they began to grow in numbers. In The Elusive Trade: How Exchange-Traded Funds Conquered Wall Street, Ralph H. Lehman leverages his twenty-year financial background and investment expertise to dive deep into the history of ETFs in this country, explore their development, and highlight the people who paved the way for the Spider's success, leading to the market we know now.
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Information
Table of contents
- Cover Page
- Praise for The Elusive Trade
- Half Title Page
- Title Page
- Copyright
- Dedication
- Contents
- Acknowledgments
- Introduction
- Chapter 1: When Money Met Machine
- Chapter 2: The ETF Spark
- Chapter 3: Black Monday
- Chapter 4: Portfolio Uncertainty
- Chapter 5: Two Reports
- Chapter 6: An Extraordinary Man
- Chapter 7: The Curb
- Chapter 8: A Spider Is Born
- Chapter 9: The Philadelphia Foray
- Chapter 10: Turf Wars
- Chapter 11: Problem Solvers and Trailblazers
- Chapter 12: Regulators and Competitors
- Chapter 13: Forensic Aftermath
- Chapter 14: The Canadian Collaboration
- Chapter 15: The Race to Market
- Chapter 16: A Brilliant Failure
- Chapter 17: The Hail Mary Security
- Chapter 18: Assembling a Team
- Chapter 19: The Spiderwoman
- Chapter 20: From Spears to Spiders
- Chapter 21: Launch
- Chapter 22: Expanding Horizons
- Chapter 23: ETFs for Everyone
- Chapter 24: What Might Have Been
- Chapter 25: Cracking the Retail Market
- Notes
- Bibliography
- About the Author
- Back Cover