US Stock ETF Investment Manual

Sep 8, 2020#fiance44

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This is a summary of the "美股ETF投资手册" (US Stock ETF Investment Handbook) which provides information on various ETFs categorized into different types. The first category is "规模ETF类" (Size ETFs) which includes ETFs like SPY, IVV, VOO, IWM, IJR, and VB. These ETFs track indices such as the S&P 500 and Russell 2000, with some focusing on small-cap stocks. The second category is "行业或主题ETF" (Industry or Theme ETFs) which includes ETFs like QQQ, XLP, XLY, IBB, ITA, VNQ, KWEB, XLE, GLD, and AGG. These ETFs focus on specific industries or themes such as technology, consumer goods, biotechnology, aerospace, real estate, Chinese internet companies, energy, gold, and bonds. The third category is "做空类ETF" (Short ETFs) which includes ETFs like SH and RWM. These ETFs allow investors to short the S&P 500 and Russell 2000 indices. The fourth category is "全球市场ETF" (Global Market ETFs) which includes ETFs like EFA, EWG, EWJ, DFJ, DXJ, FXI, EWH, VWO, HEEM, INDA, INCO, RSX, EWZ, THD, VNM, and ARGT. These ETFs provide exposure to international markets including developed and emerging markets like Germany, Japan, India, Russia, Brazil, Thailand, Vietnam, and Argentina. The information in this summary is based on the book "ETF全球投资指南" (Global ETF Investment Guide) by Wang Yanwei.

Section 1: Large Cap ETFs#

SPY
S&P 500 Index
IVV
S&P 500 Index, low expense ratio
VOO
S&P 500 Index, low expense ratio
IWM
Russell 2000 Index, small-cap ETF
IJR
S&P SmallCap ETF
VB
CRSP US Small Cap

Section 2: Sector or Theme ETFs#

QQQ
Nasdaq 100
XLP
Consumer Staples
XLY
Consumer Discretionary
IBB
Nasdaq Biotechnology 100
ITA
Aerospace & Defense ETF
VNQ
Real Estate Investment Trusts (REITs) Index
KWEB
China Internet
XLE
Energy Sector (mainly oil industry)
GLD
Gold ETF
AGG
US Total Bond Market ETF, including government bonds, mortgage-backed securities (MBS), etc.

Section 3: Short ETFs#

SH
Short S&P 500
RWM
Short Russell 2000

Section 4: Global Market ETFs#

EFA
Non-US Developed Markets (mostly UK, Japan, followed by Germany, France, and some other European countries and Hong Kong)
EWG (HEWG)
Germany Large Cap Index, with HEWG being EWG currency-hedged
EWJ
Japan Large Cap Index
DFJ
Japan Small Cap Index
DXJ
Japan Market Currency-Hedged
FXI
Hong Kong Market, holding Tencent + Chinese Mainland State-owned Enterprises listed in Hong Kong, such as ICBC, Ping An Insurance
EWH
Hong Kong Market, holding Hong Kong-listed non-state-owned enterprises, such as Sun Hung Kai Properties, AIA Group, complementary to FXI
VWO
Emerging Markets, with highest exposure to China Hong Kong, Taiwan, and Mainland China
HEEM
Emerging Markets Currency-Hedged
INDA
India Large Cap Index
INCO
India Consumer Sector
RSX
Russian Blue Chip Stocks
EWZ
Brazil Large Cap Stocks
THD
Thai Blue Chip Stocks
VNM
Vietnam Market, mainly consisting of financial and real estate sectors
ARGT
Argentina Market

Reference: Yanwei Wang's "Global ETF Investment Guide"