Exchange-Traded Funds in Europe

Presents ETFs as instruments for risk mitigation and speculation, not as passive investment vehicles

Adam Marszk (Author), Ewa Lechman (Author)

9780128136393, Elsevier Science

Paperback, published 18 March 2019

228 pages
27.6 x 21.5 x 1.6 cm, 0.63 kg

Exchange-Traded Funds in Europe provides a single point of reference on a diverse set of regional ETF markets, illuminating the roles ETFs can play in risk mitigation and speculation. Combining empirical data with models and case studies, the authors use diffusion models and panel/country-specific regressions—as well as graphical and descriptive analyses— to show how ETFs are more than conventional, passive investments. With new insights on how ETFs can improve market efficiency and how investors can benefit when using them as investment tools, this book reveals the complexity of the world’s second largest ETF market and the ways that ETFs are transforming it.

1. Introduction2. Exchange-traded funds – concepts and contexts3. Exchange-traded funds markets in Europe – development patterns4. Determinants of the European exchange-traded funds markets development5. Exchange-traded funds and financial systems of European countries: growth factor or threat to stability?6. Conclusions and recommendations7. Methodological annex

Subject Areas: Investment & securities [KFFM], Banking [KFFK], Finance [KFF], Economics [KC]