ETFs and Funds

ETF Research - the best papers of the last year

​The top ETF papers from the last 12 months

The Savvy Investor research team has curated this list of the top recent white papers on ETF investment research. Topics covered smart beta ETFs, ETF liquidity, mutual funds and ETFs, index strategies in ETFs, and more.

stock exchange ETF investment white paper

Inefficiencies in the Pricing of Exchange-Traded Funds (Financial Analysts Journal, 2017)
This paper examines ETF pricing inefficiencies. The author, Dr Antti Petajisto, introduces a novel approach that uses the cross section of prices on a group of similar ETFs to control for stale pricing of the underlying assets.

Exchange Traded Funds (Swiss Finance Institute, 2016)
This paper examines exchange-traded funds. It provides a brief overview of the mechanics of ETFs, analyzes passive asset management and surveys the current literature on ETFs.

Investor Perceptions about Smart Beta ETFs (EDHEC, 2016)
This study by EDHEC-Risk Institute analyses the usage of exchange-traded funds in investment management. It gives a detailed account of the current perceptions and practices of European investors in ETFs.

The Right Way to Assess ETFs' Liquidity (OppenheimerFunds, 2016)
This paper by OppenheimerFunds serves as a guide for how to assess the liquidity of exchange-traded funds (ETFs).

ETFs: A roadmap to growth (PwC, 2016)
PwC recently concluded a survey of the global ETF market. This 33-page paper provides insights gained from that survey on key developments which will help drive ETF growth in this coming years - markets, distribution and products.

The Evolution and Success of Index Strategies in ETFs (Financial Analysts Journal, 2016)
This article challenges a piece by John Bogle (Vanguard founder) in which he discussed the description of how investors use ETF-based index strategies. It also sheds light on why and how ETFs are an important innovation.

Exchange-Traded Funds: Made Simple Guide (PLSA, 2016)
This guide by the PLSA helps pension schemes and their stakeholders explore how the index investing landscape has evolved and the potential opportunities that arise to add value to an investment strategy.

Mutual Funds and ETFs: A Guide for Investors (SEC, 2016)
This paper by the Securities and Exchange Commission is a helpful guide to mutual funds and ETFs. It covers a range of themes, e.g. how mutual funds and ETFs work; factors to consider before investing in mutual funds of ETFs, etc.

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