Balchunas
The Institutional ETF Toolbox
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Cover image: 3d blue stock chart © Maxphotograph/iStockphoto;
Red toolbox © John Solie/iStockphoto; Digital font © lekkyjustdoit/iStockphoto;
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Copyright © 2016 by Eric Balchunas. All rights reserved.
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Published simultaneously in Canada.
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Library of Congress Cataloging-in-Publication Data:
ISBN 9781119093862 (Hardcover)
ISBN 9781119094104 (ePDF)
ISBN 9781119094241 (ePub)
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Acknowledgments
I realize I’m not winning an Oscar here, but I feel some people need a shout-out. This book wouldn’t have been written without both direct and indirect help from the following people.
In terms of direct help, I owe a huge thanks to Suzanne Woolley, my amazing editor at Bloomberg. She not only taught me a lot about writing, but also connected me to Stephen Isaacs of Bloomberg Press. If not for Suzanne’s stamp of approval – and Stephen’s guidance – this book would not exist. Second, I would like to thank Matt Kelly and Doug Kenney in Bloomberg Global Data. They have been supportive of me for years now – not only in this book project but also encouraging me to take opportunities necessary to turn my job into a career.
In terms of the book itself, Sara Prager and Ryan Kreger deserve the biggest thanks. They were the only two people (poor souls) who read the entire first draft, which was double the length it is now. This was crucial in figuring out what to chop out and what to expand on
I also got great feedback on sections of the book from my Bloomberg colleagues James Seyffart and Michael Baradas. I also have to thank our wonderful interns Madeleine Hart and Kayla Glenn, who did some serious data crunches for the book and elevated the formatting for the tables and figures.
Many people from the ETF industry helped me immensely. There are too many to list, but special thanks should go to Wes Gray, Daniel Gamba, Brendan Ahern, Kathryn Bernhardt, Mike Eschmann, Paris Smith, Steven Bloom, Howard Kramer, and Robbie Ross. I interviewed over 60 people for this book and all of them were very helpful as well. While you may see two to three quotes from each person, they were drawn from an hour-plus interview. And what I didn’t quote was highly useful background material that seeped into the overall content in some shape or form. So, big thanks to all of them.
I also have to give a special thanks to David Abner, who is a friend and a mentor within the industry. Dave has written two books on ETFs, which I’ve read multiple times. While this book is largely a different topic, his
