Exchange traded funds (ETFs), funds structured in order to mimic the performance of
selected financial assets, are one of the most significant innovative financial instruments …

Exchange-traded funds (ETFs) are among the fastest-growing types of innovative financial
products. The emergence and spread of these instruments have been facilitated by the …

1 It must be noted that not all jurisdictions allow closed-end funds to be traded in secondary
markets. 2 The passive nature of ETFs in that they constitute investments in fixed-income …

Alternative equity indexes are likely to outperform traditional cap-weighted indexes over the
long term, research results show that such smart beta strategies are exposed to several …

Exchange-traded funds (ETFs) are one of the most rapidly-expanding categories of
innovative financial products that have been introduced on many financial markets, in both …

As the global ETF market continues to grow, the significance of understanding replication
strategies has become increasingly apparent. This study examines the compensation of …

Since the rapid growth of the popularity of ETFs, the potential substitution between
innovative financial products, exchange-traded funds (ETFs), and traditional investment …

This chapter focuses on the impact of the new technologies on the development of the
financial system, in particular with regard to the financial markets. Due to the prevalence of …

The liquidity of exchange traded funds is of utmost importance for regulators, investors and
providers. However, the study of liquidity is still in its infancy. In this work, we show some …

This chapter is intended to explain why and how information and communication
technologies may affect the process of socio-economic development, especially with regard …