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A critical perspective on ETFs

A critical perspective on ETFs

08-06-2016 | From the field
ETFs are rapidly gaining popularity, but do they ultimately benefit private investors? Using data from one of the largest brokerages in Germany, the authors in this study find that individual investors using these products do not improve their portfolio performance.
  • David Blitz
    David
    Blitz
    Head Quantitative Equities Research

As ETFs make market timing easier, they investigate whether this is primarily due to bad market timing, and find that this is indeed the case. The study concludes that the cost benefits offered by ETFs appear to be negated in practice by bad market timing.

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From the field
From the field

Our researchers publish many whitepapers based on their own empirical studies; they also follow quantitative research done by others. Head of Quant Equities Research David Blitz comments on notable external papers.

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