Abstract
Actively managed mutual funds are some of the most invested in investment vehicles in the modern era. However, it is a great misunderstanding of their performance relative to their passively managed exchange-traded funds. Actively managed mutual funds fail to outperform their respective benchmarks due to a variety of reasons including market efficiency, timing, and tax consequences. These findings hold true in both the long-term and short-term for equities and fixed income funds. A self-conducted survey was also conducted in order to find the knowledge and opinions of college students on ETFs and mutual funds.
Recommended Citation
Leisher, Thomas K.
(2018)
"Exchange-Traded Funds: The Unknown Investment Opportunity,"
Undergraduate Economic Review: Vol. 15:
Iss.
1, Article 15.
Available at:
https://digitalcommons.iwu.edu/uer/vol15/iss1/15