Kharma, Céline - In: Essays on exchange traded funds, market quality and …, (pp. 1-32). 2018
Finally, I further explore the topic of ETF competition in the context of arbitrage. Three perfectly substitutable ETFs … other. This constitutes an ideal setting for a relative value arbitrage strategy. In the third paper, I identify instances … of mispricing between the three gold ETFs which create arbitrage opportunities. Increased trading pressure following the …