Passive mutual funds and ETFs: Performance and comparison

Edwin J. Elton, Martin J. Gruber and Andre de Souza

Journal of Banking & Finance, 2019, vol. 106, issue C, 265-275

Abstract: 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.

Keywords: Index funds; Exchange traded funds; Comparative performance (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jbfina:v:106:y:2019:i:c:p:265-275

DOI: 10.1016/j.jbankfin.2019.07.004

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