From the Publisher Since they began trading in 1993, Exchange Traded Funds (ETFs) have arguably become the most important new product for traders and investors. ETFs are appealing because they offer high tax efficiency and low expense ratios and can be traded intraday. In the last five years ETFs have begun trading for every major sector in the market-- from technology to oil and alternative energy to real-estate to gold bullion. There are also bond ETFs, as well as ETFs representing every major markets in Europe, Asia, and Latin America. This book brings together a discussion of ETFs with commentary on the real world of trading and discussion of micro and macro aspects of ETFs and the general marketplace. About the Author Jonathan Bernstein has specialized in short-term trading of equities and equity options since 1998. He writes a weekly column for ETFZone and Yahoo Finance and is published narrowly and widely.