PT  - JOURNAL ARTICLE
AU  - Massoud Mussavian
AU  - Jacques Hirsch
TI  - European Exchange-Traded Funds
AID  - 10.3905/jai.2002.319055
DP  - 2002 Sep 30
TA  - The Journal of Alternative Investments
PG  - 63--77
VI  - 5
IP  - 2
4099  - https://pm-research.com/content/5/2/63.short
4100  - https://pm-research.com/content/5/2/63.full
AB  - ETFs are index-based investment products that allow investors to buy or sell exposure to an index through a single financial instrument. ETFs have been available in North America since the early 1990s. Only recently have they caught the imagination of investors in Europe, where they have seen significant growth in the last year. In this article, we provide an overview of the ETF market in Europe. We also examine carefully practical issues that investors should consider, liquidity issues, short exposures, costs, and futures block trading and exchange of futures for physicals with ETFs.