Leveraged Exchange-Traded Funds (LETFs) are publicly-traded funds that promise to provide daily returns that are in a multiple (positive or negative) of the returns on an index. To meet that promise, the funds use leverage, which is typically obtained through derivatives such as futures contracts, forward contracts, and total-return swaps. As of the end of 2012, there were over 250 LETFs in North America with total assets of approximately $32.24 billion. While the amount of assets held by these funds is still small, their popularity continues to grow as their trading volume is significantly larger and much more dynamic than traditional, non-leveraged ETFs. This comprehensive guide to LETFs provides high-level practitioners and researchers with a detailed reference tool for navigating the market and making informed investment decisions. Written from a measured analytical perspective, Miu and Charupat use clear and concise explanations of all important aspects of LETFs, focusing on such key elements as structure, pricing, performance, regulations, taxation, and trading strategies. The first two chapters set the stage for the book by identifying exactly what LETFs are and how they are regulated. The following chapters then look to bridge theory with practice to dive deep into the mechanics, portfolio rebalancing techniques, and daily compounding effects that make investing in these funds so lucrative.

From Basic Fundamentals to Advanced Design Applications A culmination of the author's more than 20 years of research efforts, academic papers, and lecture notes, Combine Harvesters: Theory, Modeling, and Design outlines the key concepts of combine harvester process theory and provides you with a complete and thorough understanding of combine harvester processes. Utilizing a wealth of experimental data to promote validated mathematical models, this book presents the latest stochastic and deterministic modeling methods, evolutionary computational techniques, and practical applications. Highly focused on engineering and mathematics, it incorporates the use of simulation software (including MATLAB (R)) throughout the text and introduces a unified approach that can be used for any combine harvester functional structure. The book addresses modeling, simulation, evolutionary optimization, and combine process design. Breadth of coverage includes general technical specifications, developing machine layout as defined by engineering calculations, and design considerations for major subassembly processes. Comprised of 15 chapters, this text: Provides examples of current combine systems/elements design throughout the book Incorporates applications/exercises inspired by the author's engineering and research experience Uses both SI (metric) and imperial/U.S. measuring units throughout Combine Harvesters: Theory, Modeling, and Design contains principles, calculations, and examples that can aid you in combine process modeling and simulation, the development of combine process and driving task-based control systems by considering a top-to-bottom design of combine assembly and components.

From Basic Fundamentals to Advanced Design Applications A culmination of the author's more than 20 years of research efforts, academic papers, and lecture notes, Combine Harvesters: Theory, Modeling, and Design outlines the key concepts of combine harvester process theory and provides you with a complete and thorough understanding of combine harvester processes. Utilizing a wealth of experimental data to promote validated mathematical models, this book presents the latest stochastic and deterministic modeling methods, evolutionary computational techniques, and practical applications. Highly focused on engineering and mathematics, it incorporates the use of simulation software (including MATLAB (R)) throughout the text and introduces a unified approach that can be used for any combine harvester functional structure. The book addresses modeling, simulation, evolutionary optimization, and combine process design. Breadth of coverage includes general technical specifications, developing machine layout as defined by engineering calculations, and design considerations for major subassembly processes. Comprised of 15 chapters, this text: Provides examples of current combine systems/elements design throughout the book Incorporates applications/exercises inspired by the author's engineering and research experience Uses both SI (metric) and imperial/U.S. measuring units throughout Combine Harvesters: Theory, Modeling, and Design contains principles, calculations, and examples that can aid you in combine process modeling and simulation, the development of combine process and driving task-based control systems by considering a top-to-bottom design of combine assembly and components.

Leveraged Exchange-Traded Funds (LETFs) are publicly-traded funds that promise to provide daily returns that are in a multiple (positive or negative) of the returns on an index. To meet that promise, the funds use leverage, which is typically obtained through derivatives such as futures contracts, forward contracts, and total-return swaps. As of the end of 2012, there were over 250 LETFs in North America with total assets of approximately $32.24 billion. While the amount of assets held by these funds is still small, their popularity continues to grow as their trading volume is significantly larger and much more dynamic than traditional, non-leveraged ETFs. This comprehensive guide to LETFs provides high-level practitioners and researchers with a detailed reference tool for navigating the market and making informed investment decisions. Written from a measured analytical perspective, Miu and Charupat use clear and concise explanations of all important aspects of LETFs, focusing on such key elements as structure, pricing, performance, regulations, taxation, and trading strategies. The first two chapters set the stage for the book by identifying exactly what LETFs are and how they are regulated. The following chapters then look to bridge theory with practice to dive deep into the mechanics, portfolio rebalancing techniques, and daily compounding effects that make investing in these funds so lucrative.