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Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106) 



JOURNAL OF ACCOUNTING AND FINANCE 


The Performance of Exchange Traded Funds and Mutual Funds

Author(s): Joseph Farinella, Raphael Kubicki

Citation: Joseph Farinella, Raphael Kubicki, (2018) "The Performance of Exchange Traded Funds and Mutual Funds",  Journal of Accounting and Finance, Vol. 18, ss. 4, pp.44-55

Article Type: Research paper

Publisher: North American Business Press

Abstract:

In this study, we examine the performance of 61 exchange-traded funds (ETFs) and 61 mutual funds from January 1st, 2005 to December 31st, 2016. The sample is divided into large-cap equity, mid-cap equity, small-cap equity and fixed-income funds. We find that ETFs have a lower tracking error relative to their bench mark compared to mutual funds. We find the average bid-ask spread on ETFs is 1.73%. ETFs that invest in mid-cap stocks and small-cap stocks have higher bid-ask spreads. We find that ETFs have a statistically higher annul return and lower annual fees.