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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 of Quant 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.

Blijf op de hoogte van kwantitatieve inzichten
Blijf op de hoogte van kwantitatieve inzichten
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From the field
From the field

Onze onderzoekers publiceren veel whitepapers die zijn gebaseerd op hun eigen empirische onderzoek, maar ze kijken ook naar kwantitatief onderzoek dat door anderen is gedaan. David Blitz, hoofd Quant Equities Research, vertelt over opvallende externe papers.

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