The unexpected activeness of passive investors: A worldwide analysis of ETFs
The global ETF industry provides more complicated investment vehicles than low-cost index trackers. Instead, we find that the real investments of ETFs may deviate from their benchmarks to leverage informational advantages (which leads to a surprising stock-selection ability) and to help affiliated O...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2019
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/7081 https://ink.library.smu.edu.sg/context/lkcsb_research/article/8080/viewcontent/The_Unexpected_Activeness_of_Passive_Investors__A_World_Wide_Analysis_of_ETFs.pdf |
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| Institution: | Singapore Management University |
| Language: | English |