The New Model Index Fund

Ali, Paul; Gold, Martin

doi:10.2139/ssrn.275593

The New Model Index Fund

MFAS Investment Advisors Research Paper

8 Pages Posted: 2 Jul 2001

See all articles by Paul Ali

Martin Gold

Sydney Business School, University of Wollongong Australia

There are 2 versions of this paper

Date Written: undated

Abstract

This research paper provides a brief introduction to Exchange-Traded Funds (ETFs), and describes the features that distinguish ETFs from other investment instruments (such as index mutual funds, active mutual funds, listed investment companies/trusts and share baskets).

The paper explains how ETFs overcome the drawbacks associated with conventional mutual funds and listed pooled investment vehicles. The dual-trading structure of ETFs - whereby investors create or redeem ETF shares - is also discussed. Finally, there is a discussion of the so-called active ETFs that have recently been launched in Germany (by Die Wertpapier Spezialisten) and Australia (by BNP Paribas).

Keywords: Exchange-traded funds, managed funds

JEL Classification: G23, K22

Suggested Citation: Suggested Citation

Ali, Paul and Gold, Martin, The New Model Index Fund (undated). MFAS Investment Advisors Research Paper. Available at SSRN: https://ssrn.com/abstract=275593 or http://dx.doi.org/10.2139/ssrn.275593