This paper examines the causes and consequences of hedge fund investments in exchange traded funds (ETFs) using U … likely to invest in ETFs. Unexpected hedge fund inflows cause a rise in ETF investments, and the economic significance of …

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 …