RT Journal Article SR Electronic T1 European Exchange-Traded Funds JF The Journal of Alternative Investments FD Institutional Investor Journals SP 63 OP 77 DO 10.3905/jai.2002.319055 VO 5 IS 2 A1 Massoud Mussavian A1 Jacques Hirsch YR 2002 UL https://pm-research.com/content/5/2/63.abstract 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.