Abstract:Exchange Traded Funds (ETFs) have been one of the most important innovations in the financial industry over last the three decades. Their popularity stems from the diversification benefits offered similar to that of mutual funds, while exhibiting higher liquidity and flexibility of trading like that of a stock. However, these advantage comes at a cost, as ETFs are also marred with controversies of exhibiting significant risk of increasing volatility and mis-pricing in the underlying stocks. With the total asse… Show more
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