...Haiwei Chen; James Estes; William Pratt Purpose The purpose of this paper is to investigate how healthcare funds differ from healthcare exchange-traded funds (ETFs) in terms of delivering positive alpha, beta, and hedging against a market downturn risk. The authors consider which vehicle is more...

...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...

... at: yv.kreis@gmail.com 22 03 2017 09 09 2017 30 09 2017 06 10 2017 © Emerald Publishing Limited 2018 Emerald Publishing Limited Licensed re-use rights only Efficiency Exchange-traded funds Net returns Price/NAV ratio Over the past decade, investments...

... 2013 Exchange‐traded funds Short‐sale constraints Short interest Securities lending Pricing Loans Hedge funds and other traders need to borrow stocks and bonds from time to time to execute their strategies. To do so, they often turn to mutual funds and ETFs. In return for lending...

...Peter Miu; Narat Charupat; Narat Charupat; Peter Miu Purpose The purpose of this paper is to provide a brief review of three strands of the literature on exchange‐traded funds. Design/methodology/approach The paper starts with a review of the history of the growth of exchange‐traded funds...