Al-Nassar, Nassar S. - In: Cogent economics & finance 9 (2021) 1, pp. 1-23
This study compares the pricing efficiency of two domestic exchange-traded funds (ETFs) (i.e., Falcom 30 and HSBC 20 … of the ETFs are significantly large and persist for at least three days. It is shown that the standard deviation of the …-run relationship between the prices and the NAVs of the three ETFs. However, the ETFs' prices do not fully reflect the fundamental …