Exchange traded funds : a study on the performance-flow relationship.

• المؤلفون الرئيسيون: Ho, Wei Xiang., Li, Ke., Xu, Roy Jiarong.
• مؤلفون آخرون: Nanyang Business School
• التنسيق: Final Year Project
• اللغة: English
• منشور في: 2012
• الموضوعات: DRNTU::Business::Finance::Funds
• الوصول للمادة أونلاين: http://hdl.handle.net/10356/48364
• المؤسسة: Nanyang Technological University

This paper studies the flow of funds into and out of domestic equity Exchange-Traded Funds (ETFs) in the United States. Investors use historical returns to make their decisions on fund investment or divestment. They do so asymmetrically by investing more in funds that provided superior returns in th...