Exchange traded funds

More about the book

The organization of traditional mutual funds into Exchange Traded Funds (ETFs) has transformed the fund industry, enhancing the efficiency and cost-effectiveness of trading. Previously, traditional mutual fund markets were fragmented, making transactions costly and often challenging, particularly in emerging markets. The introduction of ETFs in the early Nineties revolutionized this landscape, leading to significant improvements in transaction efficiency and reductions in costs. This comprehensive summary of articles explores various facets of the ETF industry, integrating insights from academia and the banking, investment, and insurance sectors. The book is structured into four parts, beginning with an overview of ETFs as a leading financial innovation and addressing challenges and uses in Europe. Additionally, it includes an academic examination of the characteristics and performance of these instruments, providing readers with a thorough understanding of the developments and trends within the ETF market.