Download or read book Performance Comparison of European Exchange Traded Funds ETF and Index Mutual Funds written by Oliver Baumgartner and published by GRIN Verlag. This book was released on 2013-04-09 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2013 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1, University of Innsbruck, course: Risikomanagement, language: English, abstract: Nowadays exchange traded funds (ETFs) are getting more and more popular. Many investors believe that their risk-performance profile is better than ordinary index mutual funds. This seminar paper focuses on the real returns of both asset classes. It is based on a scientific paper written by Sharifzadeh et. al.(2012). The authors compared ETFs and index mutual funds which had quite the same composition. Additionally, they tested the risk-return profile of both, using the sharpe ratio. Interestingly, they found out that ETFs could not outperform index mutual funds and vice versa.

Download or read book Exchange Traded Funds written by Elisabeth Hehn and published by Springer Science & Business Media. This book was released on 2005-12-28 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers ETFs - the hottest investment product of the new century. Explains the nature of this new investment class and all advantages of these instruments. Provides a deep insight into the market and the development of that asset class during the past ten years. Some of the information in this book is usually limited to institutional investors with access to research data bases. All of the contributions have been made by professional investment consultants to give a first hand insight into the matter.

Download or read book A Comprehensive Guide to Exchange Traded Funds ETFs written by Joanne M. Hill and published by CFA Institute Research Foundation. This book was released on 2015-05 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exchange-traded funds (ETFs) have become in their 25-year history one of the fastest growing segments of the investment management business. These funds provide liquid access to virtually every financial market and allow large and small investors to build institutional-caliber portfolios. Yet, their management fees are significantly lower than those typical of mutual funds. High levels of transparency in ETFs for holdings and investment strategy help investors evaluate an ETF’s potential returns and risks. This book covers the evolution of ETFs as products and in their uses in investment strategies. It details how ETFs work, their unique investment and trading features, their regulatory structure, how they are used in tactical and strategic portfolio management in a broad range of asset classes, and how to evaluate them individually.

Download or read book International Equity Exchange Traded Funds written by Tomasz Miziołek and published by Springer Nature. This book was released on 2020-09-23 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the economic foundation of international equity investments providing a practical guide to invest in international equity exchange-traded funds (ETFs). It shows how to gain exposure to foreign stock markets through both theoretical foundations of international diversification and in-depth characteristics of global, regional, country-specific, and international sector/thematic ETFs. Unlike other books in the field which broadly discuss different aspects of the ETF market, this book explores one specific market segment, offering the first in-depth and state-of-the-art analysis of international equity ETFs and including, in particular, ETFs with global, regional, single-country, and international sector/thematic exposures. The number and variety of such financial instruments are constantly growing. Hence, it seems obvious that there is an urgent need for a book that will help investors who are willing to diversify their portfolios outside the domestic market—in both developed and emerging/frontier markets. International Equity Exchange-Traded Funds presents a comprehensive review of investment possibilities offered by international ETFs for stock market investors.

Download or read book Handbook of Financial Engineering written by Constantin Zopounidis and published by Springer Science & Business Media. This book was released on 2010-07-25 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive handbook discusses the most recent advances within the field of financial engineering, focusing not only on the description of the existing areas in financial engineering research, but also on the new methodologies that have been developed for modeling and addressing financial engineering problems. The book is intended for financial engineers, researchers, applied mathematicians, and graduate students interested in real-world applications to financial engineering.

Download or read book ETF Strategies and Tactics written by Laurence Rosenberg and published by McGraw Hill Professional. This book was released on 2008-04-20 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: In just a decade, the exchange-traded funds (ETFs) market has grown from one billion dollars to more than half-a-trillion dollars. While previous books have provided introductions to and listings of ETFs, ETF Strategies and Tactics offers practical guidance on how to invest in these funds and use them to balance your portfolio. Written by a powerhouse authorial team, ETF Strategies and Tactics thoroughly covers the ins and outs of ETFs, detailing how they work, their distinctive characteristics, who trades them, who owns them, and their advantages and disadvantages compared with other investment vehicles. As markets evolve, new ETFs come and go. This authoritative reference will keep you on top of your game by providing focused decision-making techniques that help determine the viability of any ETF, including its value in sector and international investing. While laying out a proven, systematic ETF investment plan, ETF Strategies and Tactics covers such valuable topics as: ETFs vs. mutual funds How ETFs are developed, what types of indexes are used, and the costs that determine returns How ETF regulations can help investors spot red flags in a fund and avoid tax problems The underlying tools of every ETF that can contribute to effective trading and minimized costs and taxes The proper use of ETFs based on an investor's goals and his/her ability to manage risk The unique short-selling opportunities associated with ETFs ETF options How to trade ETFs in the European market Inverse ETFs that go up when the market goes down Complete with one-on-one interviews with professionals from major ETFs, as well as a number of valuable appendixes, ETF Strategies and Tactics is a unique guide you will keep at your fingertips during your day-to-day activities.

Download or read book Strategic Index Investing written by Richard D. Romey and published by Karger Publishers. This book was released on 2005-02 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exchange-Traded Funds (EFTs) are one of the most important financial developments of the last fifty years. This book explains, in easy to understand terms, how ETFs work and the many advantages they offer compared to traditional mutual funds. Specific strategies are discussed to help the reader construct a winning, long-term investment portfolio using ETFs that will succeed regardless of changing market conditions, economic uncertainty, or political climate. The book details a 21st Century approach to portfolio management that is based on: 1) the advantages offered by exchange-traded funds, 2) the diversification benefits of asset allocation, 3) the efficiency of indexing, and 4) the flexibility of active portfolio management strategies. Actual investment strategies are given to maximize return and minimize risk. This book provides a comprehensive look at the powerful forces that are changing the way we invest.

Download or read book ETF Trading and Investing Strategies Collection written by Tom Lydon and published by FT Press. This book was released on 2011-12-30 with total page 985 pages. Available in PDF, EPUB and Kindle. Book excerpt: Breakthrough ETF trading and investing strategies: 3 books packed with techniques for reducing your risks and costs – and supercharging your returns Three remarkable books help you use the latest ETF strategies to cut your investing costs, control your risks, and improve your returns! In The ETF Trend Following Playbook, Tom Lydonhelps you drive superior performance by combining proven trend following strategies, low-cost ETFs, and fully-proven technical analysis methods. You’ll discover how to quickly identify markets that are about to plummet, so you can get out of the way... and how to identify markets that are headed up, so you can capture all of their profits.In Buy–Don’t Hold, Leslie Masonson shows how to avoid the massive stock-market drops that destroy “buy and hold” investors, and offers specific, easy-to-use investing strategies for investors with each risk profile: conservative, moderate and aggressive. Finally, in Investing with Exchange Traded Funds Made Easy, Marvin Appel cuts through today’s ETF marketing hype, helping you choose the right ETFs from the hundreds now available. Drawing on objective data and proven, backtested strategies, Appel reveals what ETFs can and can’t do, and shows exactly how to use them to consistently beat the market. From world-renowned investing experts including Tom Lydon, Les Masonson, and Marvin Appel

Download or read book Exchange Traded Funds written by IndexFunds.com and published by John Wiley & Sons. This book was released on 2002-04-08 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exchange traded funds, one of the most exciting new classes of funds, provide investors with an opportunity to get the benefits of individual stocks at the lower costs associated with mutual funds. Although they are a very new type of fund (they were first introduced in 1993), ETFs have nearly 100 billion in assets under management. Written by senior editors Jim Wiandt and Will McClatchy at IndexFunds.com, Exchange Traded Funds clearly explains this exciting class of funds for savvy individual investors and investment professionals alike. The authors provide a frank appraisal of the advantages of exchange traded funds including low management fees and lower capital gains taxes. They acquaint readers with the full range of what's available, and provide valuable information on evaluating the funds' usefulness and performance. They also describe proven strategies for using exchange traded funds to balance investment portfolios and manage long-term and short-term risk. IndexFunds.com is a Web site devoted to index funds. It currently hosts more than 100,000 visitors each month.

Download or read book Active Managed Funds Compared to ETFs written by and published by GRIN Verlag. This book was released on 2023-05-26 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Academic Paper from the year 2023 in the subject Business economics - Investment and Finance, grade: 1.0, University of Rome "La Sapienza" (Economics), course: Digital Management, language: English, abstract: The following essay describes the similarities and differences between ETFs and index funds. Transaction costs, performance and index tracking are considered. The fact that ETFs and index funds fulfil different liquidity needs of investors is considered. The analysis also allows a statements on the development of ETFs and index funds. The possibility to participate in the development of an index is of great importance for investors. In almost all developed financial markets, private and institutional investors can purchase exchange-traded funds (ETFs) on the most important indices in addition to index funds. While the first index funds were created in the USA in 1972, ETFs are more re-cent. ETFS have gained strongly in importance in recent years. Thus, the number of executed transactions in Germany was 965,253. In comparison the Italian market had a 18,878 executed trades. ETFs have established themselves as an independent asset class in recent years. Private investors often prefer ETFs to direct equity investments. Both active managed index funds and ETFs exist for the most popular indices. How can the coexistence of these very similar investment options be explained? What do they have in common and what are their differences? Are active manged funds are being displaced by ETFs? The existence of both types of index-based investment forms could be due to liquidity differences as well as different transaction costs.

Download or read book ETF Strategies and Tactics Chapter 2 ETFs Compared to Mutual Funds written by Laurence Rosenberg and published by McGraw Hill Professional. This book was released on 2008-03-24 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This chapter comes from ETF Strategies & Tactics, which provides a detailed account of exchange-traded funds (ETFs), covering how they work, their distinctive characteristics, who trades them, who owns them, and their advantages and disadvantages. The authors present techniques for determining the viability of specific ETF funds, including their value in sector investing and international investing. This authoritative reference will keep you on top of your game by providing focused decision-making techniques that help determine the viability of any ETF, including its value in sector and international investing.

Download or read book Beyond Smart Beta written by Gökhan Kula and published by John Wiley & Sons. This book was released on 2017-07-05 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: Delve into ETFs for smarter investing and a weatherproof portfolio Beyond Smart Beta is the investor's complete guide to index investing, with deep analysis, expert clarification and smart strategies for active portfolio management. From the general to the obscure, this book digs into every aspect of Exchange Traded Funds (ETFs) including ETCs and ETNs to break down the jargon and provide accessible guidance on utilising the indices as part of a more productive investment strategy. Succinct explanations of terms and concepts help you better grasp ETP anatomy, mechanics and practices, while examples, charts and graphs provide quick visual reference for total understanding. The expert author team examines the risks and benefits associated with various indexing approaches, sharing critical review of next-generation methods to help you make well-informed investment decisions. ETFs provide a solid foundation within mature and well-researched markets, allowing investors to focus on areas where active management has the potential to reap higher returns. This book shows you how to take full advantage of the growth of this market to strengthen your portfolio for the long term. Assess the current landscape and the anatomy of ETFs/ETPs Understand ETP handling, costs, trading, and investment Evaluate the pros and cons of next-generation indexing approaches Avoid risk while incorporating indices into an active portfolio management strategy Index concepts have evolved from basic, passive investments through Smart Beta, and are evolving into a third generation of products that will quickly become an important element of investor portfolios. Key benefits have propelled ETFs to surpass hedge funds in global capital, and the growth shows no sign of slowing. Beyond Smart Beta provides a primer for investors seeking to understand — and take advantage of — these lucrative new products.

Download or read book Exchange Traded Funds ETF Are ETFs a cost efficient way for institutional investors to invest in the DAX written by Minh Vu and published by GRIN Verlag. This book was released on 2012-01-27 with total page 67 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2011 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 2,0, Grenoble Ecole de Management, language: English, abstract: 1 Abstract As the ETF industry has grown by leaps and bounds in recent years, inves-tors and advisors are finding themselves with more options than ever before. There's a vast universe of ETF investment options available, and once all opportunities are narrowed down and aligned with particular investment ideology, investors evaluate the ETF options on number of different criteria to identify and spot the most attractive one of all. This paper examines the advantages and disadvantages of ETFs compared to index funds when investing in the German funds market. It examines total and average return, volatility and tracking error of ETFs versus index funds tracking the DAX. Also a regression analysis is done in order to draw conclusion on the funds’ alpha, beta and coefficient determinant. It can be concluded that the hypothesis of whether ETFs are a cost-efficient way for institutional investors to invest in the DAX stands and evidence is provided. Results indicate that ETFs achieve higher average returns and less average volatili-ty. In addition, ETFs pursue a better full replication strategy than index funds. As a result, the tracking error for ETFs is lower than the index funds’. 2 Introduction Some studies have revealed that institutional investors put less emphasis on trading through stock exchange but prefer to directly create and redeem ex-change traded funds. An exchange-traded fund is a type of investment product that represent basket of securities such as the DAX index and are made available only through brokers and advisors. It was in 1993, that the American Stock Exchange launched the Spiders, SPDR to track the S&P 500. It was the first exchange traded product on markets with more coming later on. Diamonds was launched in 1998 which tracked the Dow Jones in industrial average and Cubes in 1999, which tracked the NASDAQ 100 But it was the mutual funds that were the most popular with institutional and private investors both for quite some time. This trend however is only now beginning to change as institutions find that ETFs can help attain a variety of goals that many other investment vehicles simply cannot provide. A recent survey from Greenwich Associates (carried out in 2010) that polled 70 investment firms revealed that ETF use is rising sharply. Among the highlights of the study: use of ETFs among pension funds, endowments and charitable foundations has grown to about 14%. ...

Download or read book A Guide to Exchange traded Funds and Indexing Innovations written by and published by . This book was released on 2009 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Exchange Traded Funds in Europe written by Adam Marszk and published by Academic Press. This book was released on 2019-04-01 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exchange-Traded Funds in Europe provides a single point of reference on a diverse set of regional ETF markets, illuminating the roles ETFs can play in risk mitigation and speculation. Combining empirical data with models and case studies, the authors use diffusion models and panel/country-specific regressions-as well as graphical and descriptive analyses- to show how ETFs are more than conventional, passive investments. With new insights on how ETFs can improve market efficiency and how investors can benefit when using them as investment tools, this book reveals the complexity of the world's second largest ETF market and the ways that ETFs are transforming it. Identifies benefits and threats that ETFs bring to European financial markets Combines empirical data with a full, in-depth analysis of the topic and the special characteristics of Europe Examines the diffusion patterns of innovative financial products, the role of ICT, and the consequent effects of ETFs on the underlying European stock markets

Download or read book A Comparison between the European and the U S Mutual Fund Industry written by Rogér Otten and published by . This book was released on 2005 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this study we analyze the development and performance of the European mutual fund industry and compare it with the industry in the United States, using the traditional structure-conduct-performance (SCP) paradigm. We find that Europe is still lagging the American mutual fund industry when it comes to total asset size, average fund size, and market importance. Furthermore, it appears that a few large domestic fund groups dominate the mutual fund markets in the individual European countries. The performance of domestic equity funds is tested using a data set containing the main European countries and the United States. The most striking results of these performance tests are the relative poor performance of U.S. funds, compared to the European funds, and the out-performance of small cap mutual funds.

Download or read book Comparison Between Brazilian Exchange Traded Funds and Mutual Funds Performance written by Bruno Milani and published by . This book was released on 2016 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relationship between returns and risk factors are likely to vary depending on the investor's time horizon, but CAPM supposes homogenous expectations. A relatively new approach known as wavelet analysis may help to reduce that problem, incorporating different time scales. Taking advantage of that, this paper aims to verify the differences in performance of Brazilian ETFs and mutual funds, according to benchmark, management style and time scale. We have wavelet decomposed share returns of Brazilian ETFs, the returns of the five main Brazilian mutual funds categories and the returns of the Brazilian Market proxy into 7 time scales. Then, we estimate an extended-CAPM for each time scale. We found that there are considerable performance/pricing differences between fund/ETFs categories, which are linked to the time horizon assumed.