RT Journal Article
SR Electronic
T1 The ETF Free Lunch
JF The Journal of Investing
FD Institutional Investor Journals
SP 83
OP 85
DO 10.3905/joi.2008.710922
VO 17
IS 3
A1 Robert J. Waid
YR 2008
UL https://pm-research.com/content/17/3/83.abstract
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