PT  - JOURNAL ARTICLE
AU  - Robert J. Waid
TI  - The ETF Free Lunch
AID  - 10.3905/joi.2008.710922
DP  - 2008 Aug 31
TA  - The Journal of Investing
PG  - 83--85
VI  - 17
IP  - 3
4099  - https://pm-research.com/content/17/3/83.short
4100  - https://pm-research.com/content/17/3/83.full
AB  - One promoted advantage of Exchange Traded Funds (ETFs) versus mutual funds is the ability to short the ETF. What is not advertised is that the management fees of the ETF are included in the performance of the short, creating a tailwind for performance as opposed to selling a future or shorting the holdings directly.TOPICS: Exchange-traded funds and applications, risk management, performance measurement