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 …

We estimate tracking errors from 26 exchange-traded funds (ETFs) utilizing three different
methods and test their relative performance using Jensen's model. We find that tracking …

This study assesses the tracking performance of several futures-backed commodity
exchange-traded funds (ETFs), single commodity exchange-traded notes (ETNs), and …

One of the most spectacular successes in financial innovation since the advent of financial
futures is probably the creation of exchange traded funds (ETFs). As index funds, they aim at …

Purpose–The purpose of this paper is to contribute to a better understanding of the impact of
market liquidity on the daily tracking error of exchange-traded funds (ETFs). It puts a special …

This study extensively analyses a recently popularized asset class, exchange-traded
commodities (ETCs). We demonstrate that the tracking error of ETCs is dependent on the …

This study examines the tracking performance of 31 eurozone sovereign debt exchange
traded index funds (ETFs) during 2007–2010. The tracking performance is assessed by four …

Exchange-traded funds (ETFs) trade at a market-determined price which may differ from
their Net Asset Value (NAV). This study examines the price deviations of four domestic and …

This study investigates the pricing efficiency of the Dow Jones Istanbul 20 (DJIST), the first
exchange traded fund in Turkey trading on the Istanbul Stock Exchange and following the …

This article examines the pricing efficiency of Nifty BeES in bullish and bearish market
conditions using high frequency data for a period of seven years. It seeks to address three …