Gaging ETFs Recital from United States, Hong Kong and India
Authors/Creators
- 1. Jagan Institute of Management Studies, Rohini, Delhi, India
- 2. National Institute of Securities Markets, India
- 3. Clearing Corporation of India Limited
Description
Abstract: Exchange-traded funds (ETFs) are cost-effective investment vehicles that offer transparency to investors. Aforementioned characteristic remains primary factor that appeals to a significant portion of investors towards Worldwide Index-Funds (WIF). Exchange-traded funds (ETFs) contribute as alternative investment-domain that features diverse range of products. We appraise Exchange Traded Funds (ETFs) performance considering sample from United States, Hong Kong and India. Sample includes MS NASDAQ100 (N100), NIPPON India, Hang Seng BEES. We use Compound Annual Growth Rate with Tracking errors and Sharp Ratio measures to evaluate the performance. Results indicate significant information based on statistical parameter that helps to determine the decisions.
Keywords: Exchange-Traded Funds (ETFs), Tracking Error (TE), CAGR, Emerging Markets
JEL Classification Number: G10, G14