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My thesis consists of three papers on exchange-traded funds (ETFs), market quality and arbitrage. In these papers, I … study (1) the effect of competition between ETFs on market quality, (2) the trading behavior of exchange-traded gold … instruments around the London afternoon gold price fixing, and (3) arbitrage opportunities between substitutable gold ETFs. …
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This thesis consists of three essays on the interaction of investor clienteles and mutual fund behavior. The first essay (Cici, Kempf, and Sorhage 2015, Do Financial Advisors Provide Tangible Benefits for Investors? Evidence from Tax-Motivated Mutual Fund Flowsʺ) adds to the literature on fund...
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The nature of mutual funds / Conrad S. Ciccotello -- Mutual fund regulation and issues / Conrad S. Ciccotello -- The economics of mutual funds / David M. Smith -- Mutual fund fees and expenses / David M. Smith -- How financial markets work / Larry E. Swedroe -- Active versus passive investing /...
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