The massive growth in ETF investments: Do they calm or distort the market?
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In: Management Studies, Vol. 10, No. 4, 2020, p. 95-100.
Research output: Journal contributions › Journal articles › Research › peer-review
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TY - JOUR
T1 - The massive growth in ETF investments: Do they calm or distort the market?
AU - Pleye, Theresa
AU - Wigge, Katharina
AU - Gutzmer, Franka
AU - Hänsch, Marvin
AU - Zeppenfeld, Jennifer
PY - 2020
Y1 - 2020
N2 - The demand for ETFs is increasing globally every year and it is one of the most popular investment products. What concerns both academics and practitioners is the question of which effect the boom in passive investments will have on the market. In this conceptual paper, we discuss on a conceptual-theoretical level which effects ETFs can have on the capital market and place the importance of active managers and informed investors at the forefront of considerations. We argue for a long-term balance between ETFs and informed investments and against a market-destructive effect of ETFs, taking into account the respective market advantages.
AB - The demand for ETFs is increasing globally every year and it is one of the most popular investment products. What concerns both academics and practitioners is the question of which effect the boom in passive investments will have on the market. In this conceptual paper, we discuss on a conceptual-theoretical level which effects ETFs can have on the capital market and place the importance of active managers and informed investors at the forefront of considerations. We argue for a long-term balance between ETFs and informed investments and against a market-destructive effect of ETFs, taking into account the respective market advantages.
KW - Management studies
UR - http://fox.leuphana.de/portal/de/journals/management-studies(ebc50683-78f1-4124-ab41-49b6ead897ec)/publications.html
UR - http://managementstudies.org/index.php/files/issue/view/8
M3 - Journal articles
VL - 10
SP - 95
EP - 100
JO - Management Studies
JF - Management Studies
SN - 2699-1187
IS - 4
ER -