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- W2226828839 abstract "Exchange-traded funds (ETFs) represent a significant financial innovation in index-linked investments in the past decade and serve as important vehicles for global asset allocation in the international environment, having thus received increasing attention from traders and researchers. Taiwan's first ETF, the Taiwan Top 50 Tracker Fund (TTT), also began trading on the Taiwan Stock Exchange Corporation (TSEC) on June 30, 2003. In aiming to better understand these ETFs, this study introduces the operations of index-linked ETFs and the history of ETFs. It also provides an analysis of the effect of the different trading mechanisms for index-linked ETFs, and discusses essential factors that may result in an ETF's return deviating from that of its underlying index." @default.
- W2226828839 created "2016-06-24" @default.
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- W2226828839 date "2007-09-01" @default.
- W2226828839 modified "2023-09-22" @default.
- W2226828839 title "A New Innovation in Index Investing: Exchange-Traded Funds" @default.
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