Exchange Traded Funds 101 For Economists / Martin Lettau, Ananth Madhavan.

Format:

Book

Author/Creator:

Lettau, Martin, 1966-

Contributor:

National Bureau of Economic Research.

Madhavan, Ananth N.

Series:

Working Paper Series (National Bureau of Economic Research) no. w24250.

NBER working paper series no. w24250

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2018.

Summary:

Exchange-traded funds (ETFs) represent one of the most important financial innovations in decades. An ETF is an investment vehicle that trades intraday and seeks to replicate the performance of a specific index. In recent years ETFs have grown substantially in assets, diversity, and market significance. This growth reflects the rise in passive asset management where investors seek to track a benchmark index rather than outperform the market as a whole. As a consequence, there is increased attention by investors, regulators, and academics seeking to assess and understand the implications of this rapid growth. This article explains the key drivers of ETF growth and their implications for economists and policy makers.

Notes:

Print version record

January 2018.