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Performance of Actively Managed Exch...

Li, Xuan.

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Performance of Actively Managed Exchange Traded Funds.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Performance of Actively Managed Exchange Traded Funds./
作者:	Li, Xuan.
出版者:	Ann Arbor : ProQuest Dissertations & Theses, : 2022,
面頁冊數:	42 p.
附註:	Source: Dissertations Abstracts International, Volume: 84-04, Section: A.
Contained By:	Dissertations Abstracts International84-04A.
標題:	Finance. -
電子資源:	https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=29394869
ISBN:	9798351477039

Performance of Actively Managed Exchange Traded Funds.
Li, Xuan.

Performance of Actively Managed Exchange Traded Funds. - Ann Arbor : ProQuest Dissertations & Theses, 2022 - 42 p.

Source: Dissertations Abstracts International, Volume: 84-04, Section: A.

Thesis (D.B.A.)--Washington University in St. Louis, 2022.

Investors who want access to active asset management can choose to invest in actively managed exchange traded funds (AMETFs), actively managed non-transparent ETFs (ANETFs) or mutual funds. Three major differences of AMETFs, ANETFs and mutual funds are the venues funds are traded on, tax liabilities, and disclosure requirements. This paper exploits the 2019 SEC rulings on ETFs to study empirically which fund structure for active asset management delivers the best return performance and explores what are the driving forces behind the superior performance. I find that for equity funds, AMETFs is associated with 0.158% lower monthly returns than mutual fund, suggesting the cost of higher disclosure frequency exceeds tax benefits of AMETFs.

ISBN: 9798351477039Subjects--Topical Terms:

542899
Finance.
Subjects--Index Terms:

Actively managed exchange traded funds

Performance of Actively Managed Exchange Traded Funds.
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