European ETFs versus Index Mutual Funds – A study of the relative performance of European ETFs and in-dex mutual funds
(2021) FEKH89 20202Department of Business Administration
- Abstract
- Purpose: To evaluate whether ETFs have outperformed index mutual funds on the European market during the period 2009-2019.
Methodology: The method is based on quantitative data acquired from Thomson Reuters Eikon as well as Bloomberg terminal. Historical returns are processed and analyzed using selected performance measures.
Theoretical perspectives: Theories are applied to compare the returns of European index mutual funds and exchange-traded funds and to perform an analysis with relation to the corresponding market indices.
Empirical foundation: The empirical foundation consists of historical returns of 130 ETFs and 281 index mutual funds traded on various European markets. Price data is compared to the performance of relevant... (More) - Purpose: To evaluate whether ETFs have outperformed index mutual funds on the European market during the period 2009-2019.
Methodology: The method is based on quantitative data acquired from Thomson Reuters Eikon as well as Bloomberg terminal. Historical returns are processed and analyzed using selected performance measures.
Theoretical perspectives: Theories are applied to compare the returns of European index mutual funds and exchange-traded funds and to perform an analysis with relation to the corresponding market indices.
Empirical foundation: The empirical foundation consists of historical returns of 130 ETFs and 281 index mutual funds traded on various European markets. Price data is compared to the performance of relevant market indices.
Conclusions: The index mutual fund is the best-performing passive investment vehicle at tracking indices, but when taking management fees into consideration, ETFs will generate higher returns due to the compounded effects of lower expense ratios. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/9039893
- author
- Rudhag, Johan LU ; Hult Jarlsmark, William LU and Bernebring, Morgan LU
- supervisor
- organization
- course
- FEKH89 20202
- year
- 2021
- type
- M2 - Bachelor Degree
- subject
- keywords
- Index mutual funds, Exchange-traded funds, passive management, performance, index tracking
- language
- English
- id
- 9039893
- date added to LUP
- 2021-06-28 10:58:49
- date last changed
- 2021-06-28 10:58:49
@misc{9039893,
abstract = {{Purpose: To evaluate whether ETFs have outperformed index mutual funds on the European market during the period 2009-2019.
Methodology: The method is based on quantitative data acquired from Thomson Reuters Eikon as well as Bloomberg terminal. Historical returns are processed and analyzed using selected performance measures.
Theoretical perspectives: Theories are applied to compare the returns of European index mutual funds and exchange-traded funds and to perform an analysis with relation to the corresponding market indices.
Empirical foundation: The empirical foundation consists of historical returns of 130 ETFs and 281 index mutual funds traded on various European markets. Price data is compared to the performance of relevant market indices.
Conclusions: The index mutual fund is the best-performing passive investment vehicle at tracking indices, but when taking management fees into consideration, ETFs will generate higher returns due to the compounded effects of lower expense ratios.}},
author = {{Rudhag, Johan and Hult Jarlsmark, William and Bernebring, Morgan}},
language = {{eng}},
note = {{Student Paper}},
title = {{European ETFs versus Index Mutual Funds – A study of the relative performance of European ETFs and in-dex mutual funds}},
year = {{2021}},
}