EXCHANGE-TRADED FUNDS INVESTING IN THE EUROPEAN EMERGING MARKETS

被引：1

作者：

Hilliard, Jitka ^{[1
]}

Thanh Dat Le ^{[2
]}

机构：

[1] Auburn Univ, Auburn, AL 36849 USA

[2] Auburn Univ, Dept Finance, Auburn, AL 36849 USA

来源：

JOURNAL OF EASTERN EUROPEAN AND CENTRAL ASIAN RESEARCH | 2022年 / 9卷 / 02期

关键词：

Exchange-Traded Funds (ETF); Emerging European markets; Tracking error; Fund flows; Diversification;

D O I：

10.15549/jeecar.v9i2.804

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We examine ETFs investing in the equity of emerging European countries. Our sample contains 364 ETFs in developed Europe and 11 emerging European ETFs from 2005 to 2019. Compared to developed Europe's ETFs, the emerging European equity ETFs are significantly smaller and younger with significantly higher fees. The low correlation of their returns with developed countries and lack of flow sensitivity to the US market volatility suggests that they may be underutilized means of international diversification by investors from developed countries.

引用

页码：260 / 270

页数：11

共 28 条

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