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ETF Pricing Inefficiencies Explained by 陳岱佑 is a document available to read on EtoBox.
What is ETF Pricing Inefficiencies Explained about?
The document examines inefficiencies in the pricing of exchange-traded funds (ETFs) relative to their net asset values. It finds that on average, ETF prices fluctuate within about a 200 basis point band of their NAVs, with larger deviations for funds holding international or illiquid securities where real-time NAVs are difficult to determine. Using a novel approach of comparing ETF prices to the average of similar funds, the author estimates the average pricing band remains economically significant at about
- Author
- 陳岱佑
- Language
- EN