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Keywords: Clientele effect
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Journal Articles
Managerial Finance (2018) 44 (3): 303–325.
Published: 12 March 2018
...D. Eli Sherrill; Kate Upton Purpose The purpose of this paper is to study if actively managed exchange-traded funds (AMETFs) and actively managed mutual funds (AMMFs) are complements or substitutes. It also tests if there are tax or liquidity clientele effects. Design/methodology/approach...

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