AAII Journal
THE 2008 GUIDE TO
EXCHANGE
TRADED
FUNDS
American Association of Individual Investors
Inside:
Table of Contents
AAII Stock Screens
The Philip Fisher Approach to Screening Common Stocks for Uncommon Profits
By Wayne A. Thorp, CFA
Philip Fisher was one of the first money managers to focus on qualitative factors. But he was first and foremost a growth stock investor, and
he provided enough detail to establish some basic quantitative screens. A look at AAA's Philip Fisher screen, which seeks to highlight stocks with good growth potential.
Exchange-Traded Funds
The Individual Investor's 2008 Exchange-Traded Fund Guide .................. 9
By Maria Crawford Scott and Cara Scatizzi
Our annual guide this year features over 700 exchange-traded funds. Included is a compete listing of all existing stock and fixed-income exchange-traded funds, plus information on how they work and what you need to know about investing in them.
In. This Section:
A Look at the Basics: What You Need to Know About ETFs ..........................11
Stock-Based ETF Listings ..........................................................................................12
WhatYou Need to Know About Fixed-Income ETFs ........................................41
Fixed-Income ETF Listings .......................................................................................42
NewETFs .....................................................................................................................44
HotLinks: Web Sites for Exchange-Traded Funds ................................................. 38
Portfolio Strategies
The Core Approach to Building an Effective ETF Portfolio ..................... 48
By Maria Crawford Scott
As investment products increase in number and complexity, many individuals are searching for an approach that keeps it simple and low-cost. Exchange-traded funds (ETFs) offer a useful starting point, and using the core index portfolio approach, you can build effective portfolios ranging from the basic to the complex—all at a low cost.
Fist Cut Momentum Stocks With Positive Earnings Surprises ................................52
By John Bajkowski
A starting point for investors. This issue's focus is on finding companies with positive earnings surprises over the last quarter, coupled with above-average relative price strength.
OtfteOfferings: Exchange-Traded Notes ...............................................................53
By Cara Scatizzi
An investor reference for products that are not your typical offerings. This issue'sis on exchange-traded notes—a new, but risky, structured product that an alternative way to invest in the commodities and currency markets.
AAII Model Portfolios
Results Not Yet Final, But So Far, Election-Year Returns Have Yet to Appear............ ............................................................................ 56
By Janes B. Cloonan
NI. kJ Shadow Stock Portfolio has moved ahead of the S&P 500 year-to-date, bti i1 behind small-cap stocks, which are down "only" 3.8% year to date. Our
srsedt it iew includes a list of changes to the portfolio over the last quarter, a
of the holdings, and the rules that govern the portfolio.
Departments
Briefly Noted........................................2 Letters ..................................................4
AAII Investor Surveys ...........................3 AAII Local Chapters ......................... 61
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Item Details: Magazine
Condition: Used, good condition Size: Standard, magazine Media: Soft cover
