ETFs for the Long Run Exchange-traded funds, or ETFs, are one of the hottest investment products around and a staple in many portfolios. In ETFs for the Long Run, Carrel takes readers through the ins and outs of ETFs, including the first history of the ETF industry.

In an easy-to-understand style, he compares ETFs to mutual funds. He lays out a detailed case of lowered costs, greater tax efficiency and more flexibility to show investors why they should make the switch to what he calls the "mutual fund for the 21st century." He also provides a breakdown of the fundamental differences between ETFs and the new breed of exchange-traded vehicles, such as exchange-traded notes (ETNs) and those that trade currencies and commodities and short stocks. In addition, he gives readers the tools for building a portfolio comprised of ETFs.