Country-Specific ETFs: An Efficient Approach to Global Asset Allocation

The article shows that country-specific exchange-traded funds (ETFs) enhance global asset allocation strategies.

Author(s) :

Joelle Miffre

Professor of Finance, EDHEC Business School

Because ETFs can be sold short even on a downtick, global strategies that diversify risk across country-specific ETFs generate efficiency gains that cannot be achieved by simply investing in a global index open- or closed-end fund. Besides, the benefits of international diversification can be achieved with country-specific ETFs at low cost, with low tracking error and in a tax-efficient way. For all these reasons, country-specific ETFs may be considered serious competitors to traditional country open and closed-end funds.
Country-Specific ETFs: An Efficient Approach to Global Asset Allocation...
(-1.00 B)
Type : Working paper
Date : le 15/05/2006
Extra information : Pour plus d'informations, nous vous prions de vous adresser à Séverine Anjubault, Direction de la recherche de l'EDHEC [ ] Les opinions exprimées sont celles des auteurs et n'engagent pas la responsabilité de l'EDHEC.
Research Cluster : Finance

See Also

[Insider View] Student Experience - Discovering Berlin entrepreneurial ecosystem
- 15-03-2018
Floriane de Malestroit (third on the right), EDHEC MSc in Entrepreneurship &...
- 14-03-2018
Joëlle Vanhamme, Professor of Marketing at EDHEC Business School, has been a member of...
- 09-03-2018
The MSc in Data Analytics & Digital Business programme is proud to announce its partnership with Ecole 42. Co-founded by Xavier Niel, Ecole 42 is a novel and disruptive...
EDHEC Global MBA ranked 40th best MBA for women by the Financial Times
- 07-03-2018
This result reflects EDHEC’s enduring determination to support women in their career...