Knowledge
On completion of this module, the successful participant will be able to:

Understand the origins of exchange traded products and the rapid adoption by market participants
Understand the distinctions between exchange traded funds (ETFs) and exchange traded notes (ETNs)
Recognise the characteristics that distinguish ETFs from other financial instruments
Understand the dynamics that have propelled ETFs to become the dominant asset class in contemporary markets
Define the scope and size of the ETF Industry in comparison to other investment products
Understand the way in which large institutions and hedge funds have adopted ETFs as preferred investment products

Skills
This module will call for the successful participant to:

Differentiate between different kinds of ETPs
Explain the factors which have contributed to the success of ETFs
Contrast the limitations of traditional collective investment vehicles (CIVs) with features of ETFs
Identify the chief risks associated with holding ETFs

Module 1