Most ETFs are still passively managed funds that track equity indexes. The newer ones, however, are increasingly complex, often focussing on narrow sub-sectors of the market, non-equity asset classes, or enhanced directional plays. Some allow investors to expand and fine-tune a traditional asset allocation based on core equity exposure; others, such as leveraged or inverse ETFs, are used to improve portfolio risk-adjusted performance. As such, we must be aware that while ETFs may continue to offer the market valuable investment opportunities, just like with other financial products there are also distinct risks associated with these investments that need to be fully understood. What are they? How can they be used? and What do we need to know to protect ourselves before we invest? Are only a few of the many questions answered by this book. To effectively wade into ETFs' increasing complexity, this book opts for a multi-author approach. Gathering many experts gives the reader the benefit of exposure to all aspects of ETF features and use. Never before has this many expert opinions on ETFs been collected in one place. This book incorporates practitioners' perspectives on the challenges facing ETF investors as well as their insights on building ETF portfolios using the latest investment trends and strategies. Topics covered range from the established to the most recent cutting-edge work, making this book a must-have, not only for professionals wanting to brush up on the fundamentals of ETFs, but also for those who are more advanced in their use of these financial products and are looking for an edge in an increasingly competitive market.
Based on a five-year evaluation of an $80 million U.S. Army demonstration program, this first-of-its kind study explores the cost effectiveness of a managed care model of service delivery for children and adolescents with mental health and substance addiction problems. Contributions report on the quality, cost, and clinical outcome and raise critical questions about the effectiveness of mental health services and their delivery in community settings. Chapters describe new approaches to measurement and provide analyses assisting future research on managed care.
Using four Gulf sovereign wealth funds as case studies - Iran, Kuwait, Saudi Arabia and the UAE - this book examines and analyses the history, governance and structure, and investment strategies of the above mentioned funds, in the context of on-going debates about their transparency.
The book discusses how most Gulf sovereign wealth funds were established under colonial rule, and have operated in the global financial system for many decades. With the increase of oil revenues, it goes on to look at how the funds have broadened their asset classes and their institutional development. Debate over the transparency of sovereign wealth funds has highlighted various global practices. Recently, organisational measures have been introduced for calculating possible risks from non-commercial investment incentives of funds, whose politically-driven investment strategies are viewed as potentially a major threat to the national security of their host countries.
Highlighting a number of incidents that triggered the transparency debate, the book scrutinises the reaction of some of the Gulf sovereign wealth funds to these recent regulatory codes and strategies. It is a useful contribution to Development, Political Economy and Middle East Studies.
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