on the publication serverTitle data
Baumann, Michael Heinrich ; Baumann, Michaela ; Herz, Bernhard:
Exchange-traded Funds, Investment Strategies, and Financial Stability.
Bayreuth
,
2018
. - 28 p.
 | There is a more recent version of this item available. |
Project information
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Bundesministerium für Bildung und Forschung |
Abstract in another language
Exchange-traded Funds (ETFs) are easy to understand, cost-efficient ways of investing in asset markets that have become very popular for both institutional and retail investors. The dynamics of the index and its underlying assets depend among others on the different types of traders in the market, price trends in individual stocks and the overall market, as well as over- or undervaluation of individual stocks and the index. Investing in an index of assets via an ETF can generate quite complex and sometimes counterintuitive investment behaviors on the level of individual assets. Seemingly stabilizing investment behavior on the level of the ETF might actually lead to destabilizing effects on the level of individual stocks.
Further data
Available Versions of this Item
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Exchange-traded Funds and Financial Stability. (deposited 18 Dec 2017 13:05)
- Exchange-traded Funds, Investment Strategies, and Financial Stability. (deposited 20 Aug 2018 07:13) [Currently Displayed]
