FUNDUSZE ETF NOTOWANE NA GIEŁDZIE PAPIERÓW WARTOŚCIOWYCH W WARSZAWIE
ETF ON THE WARSAW STOCK EXCHANGE
Author(s): Urszula GierałtowskaSubject(s): Economy, Business Economy / Management, Evaluation research, Financial Markets
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: exchange-traded funds (ETF); investment funds; passive management funds; tracking error;
Summary/Abstract: The purpose of this article is to characterize ETFs on the Warsaw Stock Exchange and assessment of their efficiency. ETFs market in Poland is at very early stage of their development. ETF is a new financial instrument, which was introduced in September 2010. Currently there are three ETFs – ETF WIG20, ETF DAX and ETF S&P500. The basic advantages of ETF are: high liquidity, simplicity and clarity of the instrument, low cost and small deviations from the benchmark. In long-term horizon the effectiveness of ETF were compared with stock market portfolios. They can be an attractive long-term investment, especially for individual investors.
Journal: Studia i Prace WNEIZ US
- Issue Year: 2016
- Issue No: 45/2
- Page Range: 239-252
- Page Count: 14
- Language: Polish
