of mispricing between the three gold ETFs which create arbitrage opportunities. Increased trading pressure following the …Finally, I further explore the topic of ETF competition in the context of arbitrage. Three perfectly substitutable ETFs … compete on the gold market. They all adjust to the daily gold fixing price, therefore never diverging significantly from each …

limits to arbitrage, thereby impeding efficiency in the market. …

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 evidence to suggest that unidirectional causality exists between US listed gold …

Based on a large dataset of gold ETFs, we find arbitrage opportunities in the gold ETF market which can be exploited by … high-frequency traders. To our knowledge, this is the first paper to study pairs trading of gold ETFs using tick data. Able …) and Grossman and Stiglitz (1980), this profitability may be compensation for arbitrage efforts and incentivise …