Passive mutual funds and ETFs: Performance and comparison

被引：19

作者：

Elton, Edwin J. ^{[1
]}

Gruber, Martin J. ^{[1
]}

de Souza, Andre ^{[2
]}

机构：

[1] NYU, Stern Sch Business, 44 West 4th St, New York, NY 10012 USA

[2] St Johns Univ, Peter J Tobin Coll Business, Jamaica, NY 11439 USA

来源：

JOURNAL OF BANKING & FINANCE | 2019年 / 106卷

关键词：

Index funds; Exchange traded funds; Comparative performance;

D O I：

10.1016/j.jbankfin.2019.07.004

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

Over 26% of investment company assets are held in passively managed vehicles. Thus, it is important to understand what affects the performance of passive vehicles and how to choose among the multiple passive options following any index. This paper examines the factors that are important in explaining differences across funds following the same index and demonstrates how to select a passive vehicle that has a high probability of having the best performance in the following years. (C) 2019 Elsevier B.V. All rights reserved.

引用

页码：265 / 275

页数：11

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