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Be Active With Your Bond Trackers
Noël Amenc, Jean-René Giraud, Philippe Malaise, Lionel Martellini: Newly launched fixed-income Exchange-Traded Funds (ETFs) have specifically been designed to track bond market indices, and share many of the same benefits of equity ETFs, including in particular lower costs, transparency, buying and selling flexibility, all day tracking and trading.
Author(s) :
Professor of Finance, EDHEC EDHEC Business School, and Director Risk and Asset Management Research Centre
C.E.O, EDHEC-Risk Advisory
Professor of Finance, EDHEC Business School
Professor of Finance, EDHEC Business School, and Scientific Director Risk and Asset Management Research Centre
Presentation :
While it has often been argued that ETFs were natural investment vehicles for implementing passive indexing strategies, we show in this paper that the benefits of ETFs are actually much larger than traditionally reported, as these instruments can also be used to implement almost the full range of existing investment strategies.| Type : | Working paper |
|---|---|
| Date : | le 01/10/2004 |
| Extra information : | For more information, please contact EDHEC Research and Development Department [ research@drd.edhec.edu ] |
| Research Cluster : | Finance |
See Also
About EDHEC
Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 20 business schools. Fully international and directly connected to the business world, EDHEC is a school for business, rather than a business school, where excellence in teaching and research focuses on innovation to stimulate entrepreneurship and creativity. For business from birth and dedicated to business, EDHEC makes entrepreneurs for life, able to remodel or create successful businesses wherever they work.
EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching philosophy, inspired by its award-winning research activities, focuses on “learning by doing”.
