We investigate the new reality of exchange-traded funds (ETFs). We show that most ETFs
are active investments in form (designed to generate alpha) or function (serve as building …

We provide detailed descriptions, including over 550 mathematical formulas, for over 150
trading strategies across a host of asset classes (and trading styles). This includes stocks …

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 …

This study examines the performance of the 10 largest active exchange-traded funds. Using
Jensen's alpha, 50% of the largest active ETFs underperform their passive benchmarks, for …

The European ETP market is the second largest in the world and presents a unique
structure, characterised by high levels of cross-listings across multiple jurisdictions. This …

This Master's thesis examines the added value of active exchange-traded funds (ETFs) by
conducting a comparative analysis between passively managed ETFs and actively …

Vorwort Vorwort Diese Arbeit wurde im Herbsttrimester 2021 an der Bucerius Law School
als Dissertation angenommen. Die mündliche Prüfung fand am 13.10. 2021 statt. Die …

The recent boom in product innovations and technology assisted investment management
strategies are strengthening the case for activeness in passive funds wherein either the …

This Master's thesis examines the added value of active exchange-traded funds (ETFs) by
conducting a comparative analysis between passively managed ETFs and actively …

Tässä tutkielmassa selvitetään, miten passiiviset pörssinoteeratut rahastot ja aktiiviset
sijoitusrahastot ovat suoriutuneet 2010–2018 välisenä aikana. Vertailu tapahtuu Suomen ja …