RT Journal Article
SR Electronic
T1 Understanding ETFs: <em>Trading and Valuation</em>
JF The Journal of Trading
FD Institutional Investor Journals
SP 24
OP 30
DO 10.3905/jot.2015.10.3.024
VO 10
IS 3
A1 David Abner
YR 2015
UL https://pm-research.com/content/10/3/24.abstract
AB Examining the trading characteristics of the exchange-traded fund (ETF) product set enables investors to under-stand how growth is spreading out among a wider variety of products. Investors have learned more about the mechanisms underlying ETFs and are now able to use more of the ETF product set. Useful metrics such as implied liquidity enable investors to see potential ETF liquidity in a quantitative manner and expand the investment options in their portfolios. Moreover, understanding the nuances of executing ETFs efficiently is critical as investors move beyond the small number of ETFs that present high average daily trading volumes and utilize products with high implied liquidity but lower volumes.TOPICS: Exchange-traded funds and applications, statistical methods