Getting your CAS certificate to become a Certified Annuities Specialist is an excellent way to differentiate yourself from your competition in the financial services industry job market. A fund certificate , making you a Certified Fund Specialist, is also an important distinction that can improve your career prospects and performance as a financial services professional .
In your training for these certificates you will be able to gain in-depth knowledge of financial products and be introduced to real-life application of such knowledge. The following is an example regarding exchange traded funds:
The 10 largest ETFs account for almost 40% of all ETF assets. The 10 funds with the most trading activity account for roughly 60% of all ETF trading volume. For example, SPDR (S&P 500) trading close to three billion shares in December 2009, with an average bid-ask spread of just one penny.
Early ETFs were organized as UITs , an inexpensive structure easy to oversee. Today, almost all ETFs are hybrid mutual funds including features of closed- and open-end funds.