Abstract
Exchange Traded Funds (ETFs) are amongst the most popular mutual funds worldwide for both institutional and retail investors. In general, they offer lower fees and greater pricing transparency and liquidity than other mutual funds following the same investment strategies (Bansal and Somani, 2002; Ciccotello, Edelen, Greene and Hodges, 2002; Russel, Shekhar and Malhotra, 2004). ETFs come in a wide range of flavours but, by far, the dominant type of ETF is the passively-managed or index-tracking ETF.
This research was supported by a grant from the Australian Research Council (DP0557673).
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© 2007 Paul U. Ali
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Ali, P.U. (2007). The “Best of Both Worlds” Fund: Exchange Traded Funds in Australia. In: Gregoriou, G.N. (eds) Diversification and Portfolio Management of Mutual Funds. Finance and Capital Markets Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230626508_9
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DOI: https://doi.org/10.1057/9780230626508_9
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