In this study, we examine the performance and pricing behaviour of US listed and Indian gold ETFs. We find that Pricing Deviation is significant for both US listed and Indian gold ETFs. However, the Tracking Error is not significant for both the US listed and Indian gold ETFs. There is ample...

Until the advent of exchange-traded funds (ETFs), closed-end funds (CEFs) were the only professionally managed portfolios suitable for non-accredited investors that could be traded like individual stocks. We hypothesize that the introduction of an ETF in an asset class similar to an existing CEF...