This paper aims to compare the performance of UK Investment Trusts against a relevant ETF. Monthly returns for 13 Investment Trusts and 5 ETFs covering 5 different regions have been utilised to calculate both unadjusted and risk-adjusted returns, allowing for a comparison between active and...

We evaluate the performance of fixed income Exchange Traded Funds (ETFs). We find that Treasury ETFs are indeed able to track their benchmarks, but that Investment Grade corporate bond ETFs underperform their benchmarks and High Yield corporate bond ETFs even severely underperform their...

Leveraged and inverse ETFs (LETFs) were introduced in 2006 and their popularity surged starting in 2008. As of the first quarter of 2012 there were over 200 such ETFs with over $30 billion in assets under management (AUM). By late 2008 there was concern about their late-day impact on stock...