A brief overview of the types of ETFs

Elitsa PETROVA

Abstract


 

Exchange-traded fund is a type of exchange-traded product. ETF is a fund that is traded as a typical financial asset. Just like an index fund, ETF represents a basket of assets that reflect popular stock index. ETF traded just like any other company on the stock exchange. By owning ETF investor receives two important advantages – the diversification of index fund plus the flexibility of trading financial assets. There are different types of ETFs. Mainly divided into index, commodity, bond, currency, exchange-traded trusts and leveraged exchange-traded funds.

The article discusses the basics of exchange-traded fund, does a brief history review on the emergence of exchange-traded funds, and provides information on the basic and specific types of exchange-traded funds.

The used scientific tools include:

  • study of scientific literature;
  • study the performance of different markets which operate with exchange-traded funds;
  • meaningful analysis and summary of theoretical and practical applied information.

 

 


Keywords


exchange-traded fund, types of ETFs, financial asset

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References


• Baker M. J. (2000), Creation Units and the Rise of Exchange-Traded Funds, Investment Adviser, http://www.stradley.com/articles.php?action=view&id=65

• Bogle, C.J. (2007), Value Strategies, Wall Street Journal, http://online.wsj.com/ article/

• Ghosh, R.P. (2005), HOLDRs Vs. ETF s: What Investors Should Know, Investment Advisor, Summit Business Media, http://www.advisorone.com/2005/08/18 /holdrs-vs-etfs-what-investors-should-know

• Kovak, S. (2007), Just Say No to the Silver ETF, SilverSeek.com, http://news.silverseek.com/SilverSeek/1177698994.php

• Wiandt, J., & McClatchy, W. (2002), Exchange Traded Funds, John Wiley and Sons.

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• http://www.londonstockexchange.com

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• http://www.nasdaq.com

• http://www.nyse.com/about/listed/lcddata.html?ticker=FXE

• http://www.nyse.com/about/listed/lcddata.html?ticker=PALL

• http://www.nyse.com/about/listed/lcddata.html?ticker=PPLT

• http://www.sec.gov/rules/concept/ic-25258.htm

• http://www.tmx.com




DOI: https://doi.org/10.26458/1534

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