Evaluating the Performance of Exchange Traded Funds in the Emerging Markets

被引:0
|
作者
Kenneth, Lo Ka Kuen [1 ]
Lai, Kin Keung [1 ,2 ]
He, Kaijian [3 ]
机构
[1] City Univ Hong Kong, Dept Management Sci, Tat Chee Ave, Kowloon, Hong Kong, Peoples R China
[2] Shaanxi Normal Univ, Int Business Sch, Xian, Peoples R China
[3] Beijing Univ Chem Technol, Sch Econ & Management, Beijing, Peoples R China
基金
中国国家自然科学基金;
关键词
Exchange Traded Funds; Sharpe Ratio; Standard Deviation; Risk Adjusted Return;
D O I
10.1109/BIFE.2013.75
中图分类号
F [经济];
学科分类号
02 ;
摘要
Facing the increasing level of fluctuations and risks in the financial markets, investors are increasingly shifting towards more conservative investment techniques. Exchange Traded Funds has emerged in recent years as an important alternative. This paper conducts the empirical studies on the performance of ETF across different emerging markets. We find that the performance of ETFs are inferior to the underlying indexes in general. Their performance are also sensitive to the ETF characteristics, among which geographical locations and economic development are identified as important influential factors.
引用
收藏
页码:359 / 363
页数:5
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