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2023 highlights

Thank you for being a part of our year!

 

Are Investors Better Off Doing Nothing During Exchange-Traded Fund Closures?

Abstract

Recent empirical studies document a negative relation between herding behaviour and the skill of mutual fund managers.

Are Investors Better Off Doing Nothing During Exchange-Traded Fund Closures?

Abstract

We investigate a sample of several Exchange-Traded Funds (ETFs) that closed between 2012 and 2019. Our findings show that ETFs close after positive returns and flows.

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