Studying the Factors Affecting Exchange-Traded Funds’ Tracking Errors in Tehran Stock Exchange Market, M.Sc. Thesis Sharif University of Technology ; Bahramgiri, Mohsen (Supervisor)
Abstract
Exchange-Traded Funds (ETFs) have become an important innovation in the financial markets nowadays. They are low cost products designed to pursue different replication strategies that respond to investor’s demands of liquidity and efficiency. However, they suffer from tracking errors and price mismatches even when they are designed to avoid them. So this problem makes diffrence between return of these ETFs and Index return that will be called “Tracking Errors”. In this research, due to analysis on 7 ETFs in Tehran Stock Exchange (TSE) in the 20 months period and analysis on 8 different independent variables that was expected to affect on tracking errors, it has been showed that between four...
Cataloging briefStudying the Factors Affecting Exchange-Traded Funds’ Tracking Errors in Tehran Stock Exchange Market, M.Sc. Thesis Sharif University of Technology ; Bahramgiri, Mohsen (Supervisor)
Abstract
Exchange-Traded Funds (ETFs) have become an important innovation in the financial markets nowadays. They are low cost products designed to pursue different replication strategies that respond to investor’s demands of liquidity and efficiency. However, they suffer from tracking errors and price mismatches even when they are designed to avoid them. So this problem makes diffrence between return of these ETFs and Index return that will be called “Tracking Errors”. In this research, due to analysis on 7 ETFs in Tehran Stock Exchange (TSE) in the 20 months period and analysis on 8 different independent variables that was expected to affect on tracking errors, it has been showed that between four...
Find in contentBookmark |
|