Academic literature on the topic 'Exchange Traded Funds (ETFs)'

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Journal articles on the topic "Exchange Traded Funds (ETFs)"

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Marszk, Adam. "Exchange-traded products in Germany: development and substitution of exchange-traded funds, exchange-traded commodities and exchange-traded notes." Equilibrium 13, no. 4 (2018): 643–65. http://dx.doi.org/10.24136/eq.2018.031.

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Research background: Exchange-traded products (ETPs) are one of the most rapidly growing categories of financial products. Their fast development has been boosted by innovative features. Three main categories of ETPs are exchange-traded funds (ETFs), exchange-traded commodities (ETCs) and exchange-traded notes (ETNs). ETCs and ETNs remain least known, even though their number on some stock exchanges is high. In Europe, Germany is one of the largest and most active ETPs markets. ETCs and ETNs are debt instruments, in contrast with the most popular ETFs, which are equity securities. Therefore, t
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Wiedemann, Arnd, Patrick Hertrampf, and Niklas Dörnemann. "Exchange-Traded Funds." WiSt - Wirtschaftswissenschaftliches Studium 51, no. 1 (2022): 10–16. http://dx.doi.org/10.15358/0340-1650-2022-1-10.

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Exchange-Traded Funds (ETFs) sind sowohl für professionelle Investoren als auch für Privatanleger eine beliebte Anlageform. Mit ihnen können gezielt ganze Märkte oder bestimmte Themen abgebildet werden. Dieser Beitrag beschreibt die verschiedenen Arten von ETFs, analysiert ihre Funktionsweise und gibt Einblicke in die mit dieser Anlageform verbundenen Risiken.
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Mazumder, Imtiaz. "Investing In Exchange Traded Funds." Applied Finance Letters 3, no. 2 (2014): 16. http://dx.doi.org/10.24135/afl.v3i2.23.

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This article provides an overview of Exchange Traded Funds (ETFs) and discusses their features including creation, redemption, and trading mechanism. The article further describes the 10 broader categories and 96 sub-categories of ETFs, net assets and annual issuances of ETFs and merits and demerits of investing in ETFs. As a passive but diversified investment strategy, ETFs appear to be better investment vehicles in terms of taxes, lower management fees and expenses, and portfolio risk management. The strategic investment decision in ETFs however depends on investors’ objectives, attitudes to
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Roopa Ajwal, Praveen Kumar Sinha, Abhinav,Rachana D,. "An Analytical Study on Exchange Traded Funds(EFT’s) and Its Relationship With Market Movements." Tuijin Jishu/Journal of Propulsion Technology 44, no. 3 (2023): 3194–202. http://dx.doi.org/10.52783/tjjpt.v44.i3.1433.

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Exchange-traded funds (ETFs) can be a valuable component in any investor's portfolio, whether they are sophisticated institutional money managers or novice investors just starting out. Some investors make ETFs the sole focus of their portfolios, building a well-diversified portfolio with just a few ETFs. Others use ETFs to complement their existing portfolios, relying on them to implement sophisticated investment strategies. However, like any other investment vehicle, in order to truly benefit from ETFs, investors must understand and use them appropriately. It has been identified that Equity E
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Arockia, Stalin G., and Kumar K. Kiran. "Performance Exchange Traded Funds in India: An Empirical Analysis." Empirical Economics Letters 22, April Special Issue 2 (2023): 105–19. https://doi.org/10.5281/zenodo.8381796.

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<strong>Abstract: </strong>Exchange traded funds (ETFs) are a tool that are primarily utilized in the stock exchange industry. Efficient Trading: Using an index that employs stock, ETFs which provide investors to obtain market coverage. EFT investment Index provides coverage to the market as opposed to a stock. Investors may get opportunity to industries and regions. The performance of Exchange traded funds focused on the top investigation in India stock market. The conclusions and recommendations offer knowledge and advice for investing in specific exchange traded funds. <strong>Keywords: </s
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Singh, Jaspal, and Prabhdeep Kaur. "Tracking Efficiency of Exchange Traded Funds (ETFs)." Paradigm 20, no. 2 (2016): 176–90. http://dx.doi.org/10.1177/0971890716670722.

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Exchange traded funds (ETFs) have emerged as a new investment vehicle in the mutual fund industry providing investors with the ability to trade the entire market through a single transaction executed at the exchange. Using a sample of 12 equity ETFs from 1 April 2011 to 31 March 2015, the present article attempts to examine the performance efficiency of ETFs in India and explore factors that drive the performance of ETFs away from their target indices. The study reveals that ETFs exhibit significant tracking error while trying to replicate the returns of their benchmark indices. The results of
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Bahadar, Stephen, Christopher Gan, and Cuong Nguyen. "Performance Dynamics of International Exchange-Traded Funds." Journal of Risk and Financial Management 13, no. 8 (2020): 169. http://dx.doi.org/10.3390/jrfm13080169.

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Asynchronous trading hours between the markets of Exchange-Traded Funds (ETFs) and their benchmarks not only make it difficult to apply a full replication strategy but also make the creation/redemption process ineffective and consequently distress the performance of international ETFs. Despite the exponential growth of the ETF industry in general and international ETFs in particular, the performance of international ETFs is under-researched. Therefore, this study evaluates the performance of US-listed international ETFs by analyzing the returns, volatilities, tracking ability and pricing effic
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Tsalikis, George, and Simeon Papadopoulos. "Assessing the performance of American and European Leveraged Exchange Traded Funds." Investment Management and Financial Innovations 15, no. 2 (2018): 165–82. http://dx.doi.org/10.21511/imfi.15(2).2018.15.

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Leveraged Exchange Traded Funds (ETFs) (LETFs) are a recent and highly successful financial innovation; yet, investors and several studies criticized them for not performing as advertised, especially in the long term. Τhis paper discusses their unique characteristics and their path-dependent price dynamics, which may result in unexpected returns. Furthermore, the authors evaluate the performance of a large sample of European and American leveraged ETFs since each fund’s inception and show that they perform as intended for daily holding periods. Leveraged ETFs are also successful in delivering
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Lettau, Martin, and Ananth Madhavan. "Exchange-Traded Funds 101 for Economists." Journal of Economic Perspectives 32, no. 1 (2018): 135–54. http://dx.doi.org/10.1257/jep.32.1.135.

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Exchange-traded funds (ETFs) represent one of the most important financial innovations in decades. An ETF is an investment vehicle, with a specific architecture that typically seeks to track the performance of a specific index. The first US-listed ETF, the SPDR, was launched by State Street in January 1993 and seeks to track the S&amp;P 500 index. It is still today the largest ETF by far, with assets of $178 billion. Following the introduction of the SPDR, new ETFs were launched tracking broad domestic and international indices, and more specialized sector, region, or country indexes. In recen
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Bhatt, Dr Kaushal. "Exchange Traded Funds (ETFs): A Rising Investment Avenue." International Journal of Scientific Research 1, no. 5 (2012): 65–66. http://dx.doi.org/10.15373/22778179/oct2012/22.

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Dissertations / Theses on the topic "Exchange Traded Funds (ETFs)"

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Leisher, Thomas Kai. "Exchange-Traded Funds: The Unknown Investment Opportunity." Wittenberg University Honors Theses / OhioLINK, 2019. http://rave.ohiolink.edu/etdc/view?acc_num=wuhonors1617280855446967.

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Ribeiro, Vera Carneiro. "Pricing of exchange traded funds." Master's thesis, NSBE - UNL, 2014. http://hdl.handle.net/10362/11721.

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A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics<br>ETFs are a relatively new investment product that allows investors to achieve the diversification of a mutual fund with the trading flexibility of a stock. This and other advantages have been drastically attracting investors over the last years; however, the price of this product is a topic that remains little explored. In this paper I introduce a panel data analysis of premiums/discounts of ETFs with similar characteristics. I find that some of
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Andhee, Avinash. "Exchange traded funds versus active and passive unit trusts : an economic perspective." Diss., University of Pretoria, 2012. http://hdl.handle.net/2263/29313.

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Exchange traded funds (ETFs) are a relatively recent financial innovation receiving much attention from investors and media due to its low administrative costs. Literature related to ETF performance presents no sizeable records as a result of its brief history.This study contributes to the literature on ETF performance by comparing ETFs to their respective tracking indices as well as to comparable passive unit trusts (PUTs) and active unit trusts (AUTs) after administrative costs. Data used involved ETFs that are derived from securities listed on the Johannesburg Stock Exchange (JSE) that trac
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Milani, Bruno. "O desvio do preço dos exchange-traded funds brasileiros: uma análise baseada na correlação local." Universidade Federal de Santa Maria, 2015. http://repositorio.ufsm.br/handle/1/3142.

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The Exchanged Traded Funds (ETFs) have become a widespread investment vehicle, with unique features that have not been sufficiently studied, especially when it comes to emerging markets ETFs. In addition, consolidated pricing models are not enough to analyze the dynamics of a type of fund that adds a new dimension to a traditional investment funds: a change in the price of shares traded on the stock exchange. Thus, ETFs have shares priced by supply and demand, that may present considerable discrepancies in relation to its book value, called Net Asset Value (NAV). The difference between the pri
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Antonov, Andrii, and Tobias Schirra. "Tracking down European Markets : Tracking Performance of ETFs and Mutual Index Funds." Thesis, Umeå universitet, Företagsekonomi, 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-76238.

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In recent years, the financial service industry demonstrated substantial growth of Exchange Traded Funds (ETFs). Apart from offering access to new and more specific investment opportunities, many ETFs enter direct competition with conventional, already existing Mutual Index Funds. With 22,1% growth of assets over the past 5 years, the European market by now accounts for 19% of the global ETF market, while at the same time we observe a decline of cash flows to Mutual Index Funds. Given the recent development, index investors are likely to face a choice between ETFs and Mutual Index Funds offeri
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Daswa, Khumbudzo Ashley. "Perfomance evaluation of the tracking ability and pricing efficiency of Exchange Traded Funds (ETFS) in South Africa." University of the Western cape, 2016. http://hdl.handle.net/11394/5562.

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Magister Commercii - MCom<br>Since the listing of the Satrix 40 in November 2000, Exchange Traded Fund (ETFs) have grown to become an investment vehicle of choice amongst retail and institutional investors of the Johannesburg Securities Exchange (JSE). Albeit gaining such an enormous traction, investors' remains curious about ETFs ability to successfully replicate the movements of their target benchmark indices and also their capability to yield arbitrage profit opportunity through mispricing. In addition to that, investors are also interested to know whether ETFs as an index tracking investme
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Jalles, Diogo Oom de Sousa Tovar. "Weak-form efficiency of equity energy exchange traded funds." Master's thesis, Instituto Superior de Economia e Gestão, 2012. http://hdl.handle.net/10400.5/10865.

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Mestrado em Finanças<br>O principal objetivo desta dissertação de final de mestrado é aferir se os Exchange Traded Funds (ETF) Energéticos são eficientes na forma fraca. Para o período compreendido entre 2008 e 2012 selecionámos todos os ETFs energéticos que são negociados no mercado de capitais dos Estados Unidos, com uma data de emissão anterior a 2008. A amostra selecionada é composta por 26 ETFs e foram usados os dados históricos dos preços diários para aplicar vários testes: testes de autocorrelação, testes de runs, testes de raízes unitárias admitindo quebras estruturais, análise de raíz
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Januska, Andrius. "Exchange traded funds pricing inefficiencies case of the ETFs tracking Dow Jones Industrial Average, NASDAQ-100 and S&P 500 Indexes /." abstract and full text PDF (free order & download UNR users only), 2007. http://0-gateway.proquest.com.innopac.library.unr.edu/openurl?url_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:dissertation&res_dat=xri:pqdiss&rft_dat=xri:pqdiss:1447614.

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Neff, Tyler Wesley. "How Well Do Commodity Based ETFs Track Underlying Assets?" Thesis, Virginia Tech, 2018. http://hdl.handle.net/10919/83498.

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Exchange Traded Funds are growing in popularity and volume, however academic literature related to their performance is limited. This study analyzes how well the CORN, WEAT, SOYB, USO, and UGA commodity ETFs track their respective futures assets during the period of January 2012 to October 2017. Tracking error in this study is evaluated through 4 approaches to measure error, bias, systematic risk, and error magnitude. Additionally, a mispricing analysis is conducted as an alternative form of error measurement Results indicate that tracking error is small on average, however CORN shows averag
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Posterro, Barry John. "Explorations of Trading Strategies for Leveraged Exchange-Traded Funds." Digital WPI, 2009. https://digitalcommons.wpi.edu/etd-theses/1086.

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"This paper describes our work in exploring trading strategies for the leveraged exchange-traded funds, Direxion Daily Financial Bull 3X (FAS) and Direxion Daily Financial Bear 3X (FAZ) over the first three quarters of 2009. Using minute-by-minute stock data we are able to verify the accuracy of these ETFs in regards to their target of the Russell 1000 Financial Index (RIFIN). We are then able to quantify the returns and risks involved with trading strategies that seek to exploit the ETFs objectives, specifically momentum trades, tracking-error discrepancy trades, and a combination of the tw
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Books on the topic "Exchange Traded Funds (ETFs)"

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Lofton, Todd. Getting Started in Exchange Traded Funds (ETFs). John Wiley & Sons, Ltd., 2007.

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Abner, David J. Visual guide to ETFs. John Wiley & Sons, 2013.

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Dave, Nadig, Hougan Mat, and CFA Institute Research Foundation, eds. A comprehensive guide to exchange-traded funds (ETFs). CFA Institute Research Foundation, 2015.

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Isaacman, Max. Investing with intelligent ETFs. McGraw-Hill, 2008.

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Carrel, Lawrence. ETFs for the Long Run. John Wiley & Sons, Ltd., 2008.

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Wagner, Deron. Trading ETFs: Gaining an edge with technical analysis. Bloomberg Press, 2008.

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Wagner, Deron. Trading ETFs: Gaining an edge with technical analysis. Bloomberg Press, 2008.

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Wagner, Deron. Trading ETFs: Gaining an edge with technical analysis. Bloomberg Press, 2008.

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Aftalion, Florin. Trackers et ETFs: De nouveaux instruments d'investissement. Economica, 2007.

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Nyaradi, John. Super sectors: How to outsmart the market using sector rotation and ETFs. John Wiley & Sons, 2010.

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Book chapters on the topic "Exchange Traded Funds (ETFs)"

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de Freitas, Eleanor, and Catherine Barker. "ETFs — Tactical Asset Allocation Tools." In Exchange Traded Funds. Springer Berlin Heidelberg, 2005. http://dx.doi.org/10.1007/3-540-27637-8_7.

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Meziani, A. Seddik. "The Long and Short of ETFs." In Exchange-Traded Funds. Palgrave Macmillan UK, 2016. http://dx.doi.org/10.1057/978-1-137-39095-0_13.

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Meziani, A. Seddik. "Investment Strategies Using Options on ETFs." In Exchange-Traded Funds. Palgrave Macmillan UK, 2016. http://dx.doi.org/10.1057/978-1-137-39095-0_15.

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Meziani, A. Seddik. "Sailing Away with Emerging Markets ETFs." In Exchange-Traded Funds. Palgrave Macmillan UK, 2016. http://dx.doi.org/10.1057/978-1-137-39095-0_9.

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Kakushadze, Zura, and Juan Andrés Serur. "Exchange-Traded Funds (ETFs)." In 151 Trading Strategies. Springer International Publishing, 2018. http://dx.doi.org/10.1007/978-3-030-02792-6_4.

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Meziani, A. Seddik. "Managing Volatility Risk with Minimum-Volatility ETFs." In Exchange-Traded Funds. Palgrave Macmillan UK, 2016. http://dx.doi.org/10.1057/978-1-137-39095-0_7.

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Meziani, A. Seddik. "Active ETFs: To Be or Not to Be?" In Exchange-Traded Funds. Palgrave Macmillan UK, 2016. http://dx.doi.org/10.1057/978-1-137-39095-0_11.

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Meziani, A. Seddik. "Building Fresh Tax-Advantaged Investment Strategies with ETFs." In Exchange-Traded Funds. Palgrave Macmillan UK, 2016. http://dx.doi.org/10.1057/978-1-137-39095-0_12.

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Meziani, A. Seddik. "Smart-Beta ETFs: Market Growth and Performance Trends." In Exchange-Traded Funds. Palgrave Macmillan UK, 2016. http://dx.doi.org/10.1057/978-1-137-39095-0_6.

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Meziani, A. Seddik. "Finding Value in Environmental, Social, and Governance ETFs." In Exchange-Traded Funds. Palgrave Macmillan UK, 2016. http://dx.doi.org/10.1057/978-1-137-39095-0_8.

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Conference papers on the topic "Exchange Traded Funds (ETFs)"

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DEAK, Elena Roxana. "Digital Assets: Emerging Opportunities and Challenges." In The International Conference on Economics and Social Sciences. Editura ASE, 2024. http://dx.doi.org/10.24818/icess/2024/074.

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As more people and organisations acknowledge the potential advantages and opportunities of digital assets, their use is increasing. Digital assets are gaining popularity due to increasing interest in blockchain technology, which is characterised as decentralised, efficient, and safe, and offers a transparent and immutable record of transactions. The introduction of new clearing techniques, including central bank digital currencies, is expected to increase the credibility and stability of the digital assets market, so attracting more participants. In the cryptocurrency field, the Bitcoin halvin
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"Evaluating REIT exchange traded funds." In 19th Annual European Real Estate Society Conference: ERES Conference 2012. ERES, 2012. http://dx.doi.org/10.15396/eres2012_023.

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Bahadur, Nitish, and Randy Paffenroth. "Anomaly Detection in Exchange Traded Funds." In 2020 IEEE International Conference on Big Data (Big Data). IEEE, 2020. http://dx.doi.org/10.1109/bigdata50022.2020.9378452.

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Park, Young Kyu, Hyun Ju Jung, and Hae Song Choi. "Comparison Analysis of Conventional Index Funds and Exchange-Traded Funds." In Business 2014. Science & Engineering Research Support soCiety, 2014. http://dx.doi.org/10.14257/astl.2014.57.11.

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Kenneth, Lo Ka Kuen, Kin Keung Lai, and Kaijian He. "Modeling Exchange Traded Funds Portfolio Using Optimization Model." In 2013 Sixth International Conference on Business Intelligence and Financial Engineering (BIFE). IEEE, 2013. http://dx.doi.org/10.1109/bife.2013.43.

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Shearer, Megan, David Byrd, Tucker Hybinette Balch, and Michael P. Wellman. "Stability effects of arbitrage in exchange traded funds." In ICAIF'21: 2nd ACM International Conference on AI in Finance. ACM, 2021. http://dx.doi.org/10.1145/3490354.3494414.

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Young, Michael N., and T. J. Troy N. Chuahay. "Mean-Variance Portfolio Selection Utilizing Exchange Traded Funds in Asia." In 2019 IEEE 6th International Conference on Engineering Technologies and Applied Sciences (ICETAS). IEEE, 2019. http://dx.doi.org/10.1109/icetas48360.2019.9117564.

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Stakić, Nikola, Dharmendra Singh, and Luca Kuzevski Lunnemann. "EXCHANGE-TRADED FUNDS AND THEIR PERFORMANCE DURING THE COVID CRISIS." In FINIZ 2021. Singidunum University, 2021. http://dx.doi.org/10.15308/finiz-2021-8-14.

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Kenneth, Lo Ka Kuen, Kin Keung Lai, and Kaijian He. "Evaluating the Performance of Exchange Traded Funds in the Emerging Markets." In 2013 Sixth International Conference on Business Intelligence and Financial Engineering (BIFE). IEEE, 2013. http://dx.doi.org/10.1109/bife.2013.75.

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Loginov, M. P., and V. A. Tatyannikov. "Exchange-traded funds as a universal tool for digitized asset trading." In Proceedings of the 1st International Scientific Conference "Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth" (MTDE 2019). Atlantis Press, 2019. http://dx.doi.org/10.2991/mtde-19.2019.31.

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Reports on the topic "Exchange Traded Funds (ETFs)"

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Ben-David, Itzhak, Francesco Franzoni, and Rabih Moussawi. Exchange Traded Funds (ETFs). National Bureau of Economic Research, 2016. http://dx.doi.org/10.3386/w22829.

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Lettau, Martin, and Ananth Madhavan. Exchange Traded Funds 101 For Economists. National Bureau of Economic Research, 2018. http://dx.doi.org/10.3386/w24250.

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Poterba, James, and John Shoven. Exchange Traded Funds: A New Investment Option for Taxable Investors. National Bureau of Economic Research, 2002. http://dx.doi.org/10.3386/w8781.

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Smart Beta, Direct Indexing, and Index-Based Investment Strategies: A Framework. CFA Institute, 2024. http://dx.doi.org/10.56227/24.1.16.

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Innovations such as smart beta exchange-traded funds (ETFs) and direct indexing go beyond traditional capitalization-weighted strategies and incorporate varying levels of active management. Our report offers an updated framework for active management to capture the full range of index-based strategies and to support informed investment decision making.
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