Honors Thesis Archive
| Author | (Thomas) Kai Leisher |
|---|---|
| Title | Exchange-Traded Funds: The Unknown Investment Opportunity |
| Department | Business |
| Advisors | Rachel Wilson, Lawrence Gwinn, and Kevin Steidel |
| Year | 2019 |
| Honors | University Honors |
| Full Text | View Thesis (1710 KB) |
| 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. |
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