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

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Published: 4 June 2021
Last updated: 25 July 2025

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1

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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2

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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3

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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4

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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5

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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9

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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10

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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Sanchez, Codie Ann. "A pension manager’s view of exchange traded funds from São Paulo to Santiago." reponame:Repositório Institucional do FGV, 2014. http://hdl.handle.net/10438/13310.

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Submitted by Codie Ann Sanchez (codie.sanchez2015@fgvmail.br) on 2015-01-26T14:16:15Z No. of bitstreams: 1 Codie Sanchez - Thesis - 11-5-14.pdf: 11157706 bytes, checksum: 347b152ee482bcd0fa94a753c10cfc20 (MD5)<br>Approved for entry into archive by Janete de Oliveira Feitosa (janete.feitosa@fgv.br) on 2015-01-28T14:07:16Z (GMT) No. of bitstreams: 1 Codie Sanchez - Thesis - 11-5-14.pdf: 11157706 bytes, checksum: 347b152ee482bcd0fa94a753c10cfc20 (MD5)<br>Approved for entry into archive by Marcia Bacha (marcia.bacha@fgv.br) on 2015-02-05T15:58:07Z (GMT) No. of bitstreams: 1 Codie Sanchez - The
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Burck, Johan. "Reviewing Exchange Traded Funds : Market dimensional impacts on profitability." Thesis, Linnéuniversitetet, Institutionen för ekonomistyrning och logistik (ELO), 2015. http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-45037.

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Background: Ever since Sharpe, Treynor and Jensen advanced the methods of fund performance evaluation in the 60’s it has been a popular field of study in academia. As the intricacies of fund performance was untangled it became clear that paying for active management doesn’t yield higher cost adjusted returns. An Index investment strategy is the most sensible approach and it’s the associated cost which separate index vehicles. Exchange traded funds have risen as a competitor to the conventional index mutual fund but the research evaluating these is very scarce. The research conducted comparing
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13

March, Samique. "Three Essays on the Microstructure of Exchange Traded Funds." FIU Digital Commons, 2013. http://digitalcommons.fiu.edu/etd/1011.

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Exchange traded funds (ETFs) have increased significantly in popularity since they were first introduced in 1993. However, there is still much that is unknown about ETFs in the extant literature. This dissertation attempts to fill gaps in the ETF literature by using three related essays. In these three essays, we compare ETFs to closed ended mutual funds (CEFs) by decomposing the bid-ask spread into its three components; we look at the intraday shape of ETFs and compare it to the intraday shape of equities as well as examine the co-integration factor between ETFs on the London Stock Exchange a
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Harrer, Andreas [Verfasser]. "Exchange Traded Funds (ETFs) : Eine ökonomische und rechtliche Analyse der Chancen, Risiken und Regulierungsmöglichkeiten im Investmentrecht / Andreas Harrer." Baden-Baden : Nomos Verlagsgesellschaft mbH & Co. KG, 2016. http://d-nb.info/110627881X/34.

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15

Musa, Arshad. "Passive versus active applications of industry exchange traded funds (ETFs) : an empirical investigation on the S&P Global 1200 Index." University of the Western Cape, 2015. http://hdl.handle.net/11394/4912.

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Magister Commercii - MCom<br>The notion of market efficiency posits that stock prices fully reflect all available information in a timely manner. The efficient market hypothesis (EMH) proposed by Fama (1970) systematically rules out the profitability of information driven investing, and implicitly promulgates a passive market capitalisation weighted investment strategy such as indexing. The appeal of passive strategies has largely been driven by the growth of passive tracking instruments, which allow investors to earn underlying index performance by purchasing a single security such as an exch
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George, Jeffrey. "Portfolio Insurance Using Leveraged ETFs." Digital Commons @ East Tennessee State University, 2017. https://dc.etsu.edu/honors/416.

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This study examines the use of leveraged exchange traded funds (LETFs) within a portfolio insurance framework to reduce exposure to downside risk. Investors have learned the importance of mitigating this risk having experienced two “once in a century” events in the last 20 years with the tech crash in the early 2000s and the financial crisis in 2008. Current portfolio insurance strategies are either option based (Leland & Rubinstein, 1976) or constant proportional portfolio insurance (CPPI), (Black & Jones, 1987). The cost of option based strategies can be quite high while a CPPI strategy requ
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Welch, Steven J. "Two Essays Relating to Mutual Fund Performance." ScholarWorks@UNO, 2007. http://scholarworks.uno.edu/td/590.

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In two unrelated papers, we examine different aspects of mutual fund performance and other issues. In the first chapter, we look at exchange-traded funds (ETFs) and how they differ from index funds in performance and tracking error. Using daily data and a more comprehensive sample than past research, we find abnormal returns associated with the ETFs are higher than the alphas of the index funds in most cases. The results are much more prevalent in funds that follow the S&P 500 than funds that do not. When examining the tracking errors, we find index funds are able to track their indexes
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Lang, Stephanie E. "Exchange traded funds - Erfolgsgeschichte und Zukunftsaussichten : globaler Überblick und nationale Analyse der Struktur, Performance, steuerlichen Behandlung und Marktgegebenheiten von ETFs /." Duisburg ; Köln : WiKu, 2009. http://d-nb.info/993054072/04.

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Aragão, Diego Duarte de. "A eficiência da precificação e os erros de aderência dos exchange traded funds do mercado brasileiro." reponame:Repositório Institucional do FGV, 2011. http://hdl.handle.net/10438/8574.

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Submitted by Diego de Aragão (diegodearagao@gmail.com) on 2011-09-05T18:22:11Z No. of bitstreams: 1 A Eficiência da Precificação e os Erros de Aderência dos ETFs do Mercado Brasileiro final.pdf: 570730 bytes, checksum: 3ba1b8eb71026ac807dc531f68512bd9 (MD5)<br>Approved for entry into archive by Gisele Isaura Hannickel (gisele.hannickel@fgv.br) on 2011-09-05T18:43:23Z (GMT) No. of bitstreams: 1 A Eficiência da Precificação e os Erros de Aderência dos ETFs do Mercado Brasileiro final.pdf: 570730 bytes, checksum: 3ba1b8eb71026ac807dc531f68512bd9 (MD5)<br>Approved for entry into archive by Gise
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Oubenal, Mohamed. "Le processus social de légitimation des produits financiers. Le cas des Exchange Traded Funds (ETF) en France." Thesis, Paris 9, 2013. http://www.theses.fr/2013PA090021.

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L’objectif de cette thèse est d’étudier le processus social de légitimation des produits financiers en prenant comme exemple le développement des Exchange Traded Funds (ETF) en France. En dépit de la complexification de leur « dispositif de calcul » les encours des ETF ont connu une progression rapide. L'essor de ces innovations s'explique par l'effort de légitimation entrepris par les promoteurs. Contrairement à l'approche néo-institutionnaliste qui se focalise sur la dimension cognitive, nous partons des interdépendances pour comprendre le processus social de légitimation. Nous étudions ce p
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Gantenbein, Christophe. "Drivers of the Exchange-Traded Funds (ETFs) Market - History, Analysis of the Current Market Situation and Future Development Is the traditional open-end indexed mutual Fund dead? /." St. Gallen, 2004. http://www.biblio.unisg.ch/org/biblio/edoc.nsf/wwwDisplayIdentifier/00637710001/$FILE/00637710001.pdf.

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Romano, John. "Tracking error of leveraged and inverse etfs." Honors in the Major Thesis, University of Central Florida, 2012. http://digital.library.ucf.edu/cdm/ref/collection/ETH/id/616.

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Tracking ability of leveraged and inverse exchange traded funds can be very important to investors looking for a dependable return. If the investor wants to put their money on a certain index they feel strongly about, they expect their investment vehicle to track that return appropriately. Over the years, we have seen tremendous growth in the exchange traded fund industry. In 2006, leveraged and inverse funds were introduced to the market, allowing investors to take leveraged and directional trades on indices. These investment vehicles can be traded as easily as any stock, and therefore need s
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Bueno, Bruna Helena Belchior Machado da Silva. "The effects of OF ETF creation on the price efficiency of underlying stocks." Master's thesis, NSBE - UNL, 2012. http://hdl.handle.net/10362/9580.

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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>In this assignment I build an intuitive panel regression model, in order to achieve a clear isolation of the impact of the inception of the first Exchange Traded Fund created on the FTSE100 index on the price efficiency of its underlying stocks. The main finding of this analysis is that price efficiency at the individual stock market decreases after ETF introduction. Thus, the adverse selection hypothesis highlights the shift of liquidity trader
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Ruggins, Sarah Marie Elizabeth. "Building blocks : a historical sociology of the innovation and regulation of exchange traded funds in the United States, 1970-2000." Thesis, University of Edinburgh, 2018. http://hdl.handle.net/1842/29505.

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Between 1993 and 2016, the U.S. exchange traded fund (ETF) market has proliferated from one product worth $6.5 million USD to 1,455 products worth over $2 trillion USD. Despite its dramatic growth, the ETF market has yet to be the subject of sociological inquiry even though fields such as the social studies of finance have begun examining the origins of index derivatives (Millo 2007), options (MacKenzie 2006), hedge funds (Hardie and MacKenzie 2007), and foreign exchange markets (Knorr Cetina and Bruegger 2002). Thus, the purpose of this dissertation is to provide the first historical sociolog
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Agapova, Anna. "Cross-Sectional Differences between Topic 1: Money Market Mutual Funds and their Role in the Mutual Fund Families. Topic 2: Innovations in Financial Products. Conventional Mutual Funds versus Exchange Traded Funds." Digital Archive @ GSU, 2007. http://digitalarchive.gsu.edu/finance_diss/10.

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The first essay examines cross-sectional differences between money market mutual funds (MMMFs), in the context of the sponsoring fund family. While extant studies have shown that fund family characteristics impact the management of open-end equity mutual funds, results of this study’s analysis find that fund family characteristics also affect the management of MMMF assets, contributing to differences in the maturity of the fund’s holdings, expenses, and realized returns. I find that an MMMF is not simply a transitional account with a short-term low-risk investment objective, but rather, a crit
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Bromé, Niklas, and Therese Möllevinge. "EXCHANGE TRADED FUNDS : en analys av tre svenska börshandlade fonders prestation i förhållande till aktivt förvaltade Sverigefonder." Thesis, Uppsala University, Department of Business Studies, 2009. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-113636.

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<p>Utifrån en historisk jämförelse av de tre äldsta svenska ETFerna undersöker vi huruvida svensknoterade ETFer är en bättre placeringsstrategi än aktivt förvaltade Sverigefonder. Studien genomförs med de fyra utvärderingsmåtten Sharpe Ratio, Treynor Ratio, Jensen’s alfa samt Information Ratio för att se om ETFer ger högre riskjusterad avkastning än jämförbara aktivt förvaltade Sverigefonder. De tre ETFerna, XACT OMXS30, XACT OMXSB och XACT OMXSBULL jämförs mot samtliga aktivt förvaltade Sverigefonder som har som strategi att investera i stora bolag listade på Stockholmsbörsen. Samtliga utvärd
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Ribeiro, Eduardo Franco. "Uma contribuição à diversificação internacional de portifólios: um estudo dos fundos de índice negociados em bolsa - os ETF S "Exchange Traded Funds"." Pontifícia Universidade Católica de São Paulo, 2008. https://tede2.pucsp.br/handle/handle/1714.

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Made available in DSpace on 2016-04-25T18:40:35Z (GMT). No. of bitstreams: 1 Eduardo Franco Ribeiro.pdf: 581960 bytes, checksum: 0c20561d151693cda933516c6eb0c17b (MD5) Previous issue date: 2008-11-03<br>The phenomenom wich narrows and puts closer international relations around the world known as globalization has reached the development of financial markets. The Exchange Traded Funds (ETF´s) have also been involved on this process. Globalization has brought a wide exposure to international markets creating opportunities in several asset classes with lower costs and minimal investments, thu
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Faria, J??nior Jos?? Raymundo de. "Diversifica????o internacional de investimentos com a utiliza????o de Exchange-Traded Fund e Purchasing Managers' Index." FECAP - Faculdade Escola de Com??rcio ??lvares Penteado, 2014. http://132.0.0.61:8080/tede/handle/tede/362.

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Made available in DSpace on 2015-12-03T18:33:06Z (GMT). No. of bitstreams: 1 Jose_Raymundo_de_Faria_Junior.pdf: 1267452 bytes, checksum: 6a478b16fd990211249d441f2100f6b4 (MD5) Previous issue date: 2014-02-18<br>The objective of this research is to propose for high income Brazilian investors a model of dynamic allocation with international diversification that uses ETFs and the PMI manufacturing index. ETFs were selected from twelve countries, including the ETF equities in Brazil, EWZ. The portfolios were created with and without the EWZ and two procedures were adopted to weight the assets: (
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Lindahl, Douglas, and Anders Wallstedt. "Spelar storleken roll? : En studie på ETF:er och dess underliggande kapitalvärde." Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-145118.

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Börshandlade fonder (ETF:er) blir alltmer populära som spar- och investeringsalternativ. Antalet ETF:er och variationen av dessa ökar stadigt. Denna studie ser på ETF:er likställda aktier (ur ett värdepappersperspektiv) och syftar till att applicera momentumstrategier på den amerikanska ETF-marknaden, likt Jegadeesh och Titman (1993), för att testa sambandet mellan ETF:ers kapitalvärde och riskjusterad överavkastning, estimerat genom Jensens alfa. Med utgångspunkt från Banz (1981) som visar på samband mellan investeringar i småbolagsaktier och högre riskjusterad avkastning (än motsvarande inve
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Pecha, Martin. "Obchodování s komoditami." Master's thesis, Vysoká škola ekonomická v Praze, 2011. http://www.nusl.cz/ntk/nusl-113597.

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The goal of this diploma thesis is to analyze the gold market and provide readers with the necessary information and context having an impact on the price of gold. The thesis consists of three chapters. First one deals in general with the commodity market and introduces the readers to commodity exchange issues such as trading commodities in commodity exchanges, motives of commodity trading as well as the specific characteristics of commodities. Second one concerns the detailed analysis of commodity investment tools that investors might use when they feel like getting an exposure to price movem
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Gempesaw, David Conrad. "Does Idiosyncratic Volatility Proxy for a Missing Risk Factor? Evidence from Using Portfolios as Test Assets." Miami University / OhioLINK, 2014. http://rave.ohiolink.edu/etdc/view?acc_num=miami1406819417.

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Zorzi, Gianni. "Ottimizzazione di portafogli di ETF nell' approccio di consulenza finanziaria indipendente." Doctoral thesis, Università degli studi di Trieste, 2010. http://hdl.handle.net/10077/3671.

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2008/2009<br>Quella del consulente finanziario indipendente (Capitolo 1) è una figura professionale di elevato standing sviluppatasi a partire dagli anni ‘70 negli Stati Uniti, paese in cui l’attività è correntemente svolta da decine di migliaia di persone fisiche, iscritte ad associazioni di categoria, provviste di certificazioni anche di notevole spessore, come quella del Certified Financial Planner (CFP). Tale modello di consulenza in assenza di conflitto d’interessi è detto anche “fee-only” in virtù del suo principale tratto distintivo, ovvero che la remunerazione del professionista avvie
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Marí, Clérigues Maria del Carmen. "Three essays on exchange traded funds." Thesis, University of Liverpool, 2018. http://livrepository.liverpool.ac.uk/3021682/.

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This thesis studies different aspects of the Exchange Traded Funds' tracking performance. Chapter 1 introduces the topic and provides the motivation for each chapter. Chapter 2 relates the tracking ability of an Exchange Traded Fund to the optimal hedge ratio for a portfolio that is long one unit of the fund financed by a short position in the benchmark index. The sample employed contains a range of funds listed on the New York Stock Exchange that track fixed income and equity indices. Panel cointegration techniques are employed to estimate the long-run relationship between the funds and their
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Park, Keebong. "Exchange-traded funds and information asymmetry." Thesis, Aston University, 2008. http://publications.aston.ac.uk/15368/.

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This thesis focuses on three main questions. The first uses ExchangeTraded Funds (ETFs) to evaluate estimated adverse selection costs obtained spread decomposition models. The second compares the Probability of Informed Trading (PIN) in Exchange-Traded Funds to control securities. The third examines the intra-day ETF trading patterns. These spread decomposition models evaluated are Glosten and Harris (1988); George, Kaul, and Nimalendran (1991); Lin, Sanger, and Booth (1995); Madhavan, Richardson, and Roomans (1997); Huang and Stoll (1997). Using the characteristics of ETFs it is shown that on
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De, Jong Jack C. "Three essays on exchange traded funds." online access from Digital Dissertation Consortium, 2007. http://libweb.cityu.edu.hk/cgi-bin/er/db/ddcdiss.pl?3288099.

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Piva, Andrea <1987&gt. "Gli Exchange Traded Funds: analisi e valutazione della performance." Master's Degree Thesis, Università Ca' Foscari Venezia, 2013. http://hdl.handle.net/10579/3529.

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L'evoluzione dei prodotti offerti dalle maggiori istituzioni finanziarie internazionali ed il mutamento dei bisogni degli utilizzatori di tali prodotti ha portato, verso la metà degli anni settanta, al concetto di investimento a replica passiva, veicolato nella forma del fondo di investimento. A metà degli anni 90 sono stati quotati al New York Stock Exchange gli Exchange Traded Funds, fondi a replica passiva che, circa cinque anni dopo, hanno fatto la loro comparsa anche nelle maggiori piazze finanziarie europee. Lo scopo di questo elaborato è quello di analizzare la performance ed i re
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Tzvetkova, Rossitza. "The implementation of exchange traded funds in the European market /." [S.l. : s.n.], 2005. http://www.gbv.de/dms/zbw/503121339.pdf.

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McNab, James R. "The Effects of Exchange Traded Funds on Emerging Market Equities." Scholarship @ Claremont, 2013. http://scholarship.claremont.edu/cmc_theses/727.

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This paper examines the effect capital flows from the introduction of exchange traded funds (ETFs) have on emerging markets. Recent years have seen more capital transfer into emerging markets, and the advantages ETFs offer have helped expedite the process. Increased liquidity and a large diverse collection of holdings help manage the high degree of volatility inherent to these markets. The holdings of the ETFs are tested for returns above their market average for the period surrounding the initial trading date of the fund. Positive effects were seen on individual stocks, but overall the findin
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Wiesner, Andreas. "Exchange traded funds in Deutschland und Effekte der europäischen Finanzmarktintegration /." Hamburg : Kovač, 2008. http://d-nb.info/990746062/04.

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Brouwer, Pieter. "A model for the optimisation of an individual investor's portfolio of exchange traded funds." Thesis, Stellenbosch : Stellenbosch University, 2015. http://hdl.handle.net/10019.1/97315.

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Thesis (MBA)--Stellenbosch University, 2015.<br>ENGLISH ABSTRACT: Facilities are available to individual investors to enable them to invest directly in a multitude of investments without making use of investment brokers or financial advisors. Although this facility offers the benefit of reduced administration and management fees, it also puts the investor in a position where he is responsible for making his own investment decisions. Since Markowitz’s publication fifty years ago, it has been known that diversification is necessary in order to reduce the investor’s exposure to any unsystematic i
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Jacobson, Ryan Jonathan. "Robo-Advising on South African Exchange Traded Funds utilizing Prospect Theory." Master's thesis, Faculty of Commerce, 2019. https://hdl.handle.net/11427/31844.

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Robo-advising is an emerging trend in markets around the world. The term has come to refer almost exclusively to automated advisory services for financial investments or wealth management. Currently, in the South African market, financial services firms offer their own robo-advising platforms that only provide automated advice about their own products. This paper investigates the possibility of a roboadvising platform existing outside of these financial institutions. The paper reviews the preconditions that make robo-advising possible. Namely, risk profiling, portfolio allocation, availability
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42

Mattos, Igino Zucchi de. "Competição inter familiar: exchange traded funds e fundos de investimentos passivos." reponame:Repositório Institucional do FGV, 2011. http://hdl.handle.net/10438/8532.

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Submitted by Cristiane Shirayama (cristiane.shirayama@fgv.br) on 2011-08-20T19:16:46Z No. of bitstreams: 1 DISSERT_IGINO ZUCCHI DE MATTO.pdf: 894398 bytes, checksum: 0d19d1d1f176cfa48f33320690add5cf (MD5)<br>Approved for entry into archive by Gisele Isaura Hannickel (gisele.hannickel@fgv.br) on 2011-08-22T12:09:40Z (GMT) No. of bitstreams: 1 DISSERT_IGINO ZUCCHI DE MATTO.pdf: 894398 bytes, checksum: 0d19d1d1f176cfa48f33320690add5cf (MD5)<br>Approved for entry into archive by Gisele Isaura Hannickel (gisele.hannickel@fgv.br) on 2011-08-22T12:15:14Z (GMT) No. of bitstreams: 1 DISSERT_IGINO Z
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Cavasin, Silvia <1991&gt. "Gli Exchange Traded Funds e le strategie di investimento Smart Beta." Master's Degree Thesis, Università Ca' Foscari Venezia, 2016. http://hdl.handle.net/10579/9038.

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Questo elaborato descrive in dettaglio la storia e le modalità di utilizzo degli ETF e delle diverse tipologie di ETF, con particolare attenzione alle strategie di investimento Smart Beta che negli ultimi anni stanno avanzando nel panorama europeo e mondiale.
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Vedolin, Alberto Yuki <1996&gt. "Performance degli Exchange-Traded Funds durante la pandemia di Covid-19." Master's Degree Thesis, Università Ca' Foscari Venezia, 2020. http://hdl.handle.net/10579/18341.

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In questo elaborato andremo a trattare la performance degli Exchange-traded Funds, le caratteristiche di questo tipo di fondi e come essi siano riusciti a muoversi in un periodo di grande stress di mercato come è avvenuto nel primo quadrimestre del 2020, durante lo scoppio della pandemia di Covid-19. Ci focalizzeremo inizialmente nella spiegazione di che tipologia di prodotti si tratti andando poi ad osservare un caso pratico. Nello specifico andremo ad individuare un indice di mercato che utilizzeremo come benchmark, il Bloomberg Barclays Euro Aggregate Corporate Total Return Index, indice ch
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Hallett, Austin P. "Finding Profitability of Technical Trading Rules in Emerging Market Exchange Traded Funds." Scholarship @ Claremont, 2012. http://scholarship.claremont.edu/cmc_theses/375.

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This thesis further investigates the effectiveness of 15 variable moving average strategies that mimic the trading rules used in the study by Brock, Lakonishok, and LeBaron (1992). Instead of applying these strategies to developed markets, unique characteristics of emerging markets offer opportunity to investors that warrant further research. Before transaction costs, all 15 variable moving average strategies outperform the naïve benchmark strategy of buying and holding different emerging market ETF's over the volatile period of 858 trading days. However, the variable moving averages perform p
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Sousa, João Miguel Lança Tavares de. "Tracking ability of metal exchange traded funds (etfs)." Master's thesis, 2014. http://hdl.handle.net/10071/10341.

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JEL Classification System G10 and G11<br>Exchange Traded Funds (ETFs) are investment funds traded in stock exchanges that have recently been introduced and have been growing significantly over the last few years. Despite the vast number of research studies on this topic, there has been a certain lack of attention directed to Commodity ETFs and their suitability as an alternative investment in commodities. In order to understand their viability as an investment and their capacity in tracking their benchmarks, this study analyzes a sample of 27 metal ETFs, traded on the NYSE Arca. The focus of
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Bodeček, Ondřej. "Exchange Traded Funds a likvidita indexových portfolií." Master's thesis, 2018. http://www.nusl.cz/ntk/nusl-429276.

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The thesis investigates if introduction of Exchange Traded Fund, which replicates given index, has impact on liquidity and risk of underlying component securities. This thesis specifically examines impact of introduction ETF called Lyxor ETF WIG20, which was introduced at Warsaw Stock Exchange. ETF holds stock of WIG 20 Index. The impact on liquidity is investigated by using univariate analysis and by using multivariate panel regression, where dummy variable is used. The impact on risk of component stock is analyzed by beta coefficient.
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Tseng, Chun-Han, and 曾俊翰. "The Performance of Momentum Strategies for Exchange Traded Funds（ETFs）." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/3en252.

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碩士<br>中原大學<br>企業管理研究所<br>98<br>This study examines the profitability of momentum strategies for industrial sector and country-specific Exchange Traded Funds (ETFs) listed in the U.S. exchanges. Based on the study of momentum strategy, we investigate the profitability of price momentum strategy with various formation and holding periods. Moreover, the turnover momentum strategy based on the past turnover rate is examined as well. We test the profit of the momentum life cycle (MLC) hypothesis under all kinds of ETFs. This study also compares dual factors strategy with simple strategy for investm
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Cunha, Rui Miguel Domingues da. "The tracking ability of oil and gas exchanged traded funds (ETFs)." Master's thesis, 2013. http://hdl.handle.net/10071/6895.

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Apesar do vasto reportório de trabalhos existentes sobre Exchanged Traded Funds (ETFs), poucos são aqueles que têm analisado commodities ETFs e a respetiva adequabilidade como substitutos de investimentos diretos em commodities. Para analisar se esta classe específica de ETFs é uma boa alternativa, analisámos uma amostra de 11 ETFs e se seguiam os respetivos benchmarks. Para tal procedemos a uma análise de regressão linear, ao cálculo do tracking error, e uma análise de cointegração, sendo esta última focada na relação de longo prazo entre variáveis. As análises de regressões e tracking error
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Conceição, Jeremias Amado da. "Desempenho Exchange Traded-Funds (ETFs) domiciliados nos EUA e na Europa: uma abordagem não paramétrica." Master's thesis, 2020. http://hdl.handle.net/10400.26/34489.

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Este estudo analisa o desempenho de Exchage-Traded Funds (ETFs) domiciliados nos EUA e na Europa através da abordagem Data Envelopment Analysis (DEA). Para este efeito, foi utilizado o modelo Slack Based Mesure (SBM), que é um modelo não radial. Em particular, foi usada uma versão do SBM denominada Base Point - SlackBased Measure (BP-SBM) que transforma dados originalmente negativos em positivos com recurso a “pontos de referência”. Os resultados evidenciaram que os fundos eficientes domiciliados nos EUA são considerados mais vezes como benchmarks em termos de desempenho do que os ETFs d
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