Exchange-Traded Funds: Investor Challenges and Opportunities

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CFA Institute Conference Proceedings Quarterly
Source: CFA Institute
Anthony Chan

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Abstract

Exchange-traded funds (ETFs) are examined from three angles. First, Chinese A-share ETFs, relative to the behavior of Chinese A-shares and H-shares, can provide information about the Chinese markets. Second, ETFs can provide liquidity to fixed-income investors and make new investment strategies possible. Third, a combination of ETFs can capture the majority of a benchmark’s returns and can be used to outperform a benchmark through systematic bets.

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Topics
Alternative Investments
    :
  • Investment Companies
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Equity Investments
    :
  • Equity Market Valuation and Return Analysis
  • ·
  • Equity Markets - Characteristics, Institutions, and Benchmarks
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Fixed Income
    :
  • Fixed Income Markets - Characteristics, Institutions, and Benchmarks
|
Portfolio Management
    :
  • Environmental, Social, and Governance (ESG) Investing and Faith-Based Finance
  • ·
  • Equity Portfolio Management Strategies
  • ·
  • Fixed-Income Portfolio Management Strategies
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