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Exchange-traded funds (ETFs)

Exchanging places?

Assets under management in European-domiciled mutual funds have plunged more than EUR60 billion this year, while exchange-traded funds have seen healthy capital inflows of over EUR20 billion. With the pattern repeated in the US as traditional asset…

Amex plans new ETF product

The American Stock Exchange (Amex) is working towards providing actively managed exchange-traded funds (ETF) without fully disclosing fund holdings, said Tony Baker, managing director of ETF Marketplace, Amex's ETF division.

Deutsche Börse launches S&P 500 ETF

Deutsche Börse has started trading its first exchange-traded fund (ETF) on the Standard & Poor’s 500 US benchmark index. The so-called iShares S&P 500 ETF is managed by Barclays Global Investors (BGI).

Reconstructing volatility

Options on stock baskets have become a mainstay of the equity derivatives business, but pricing and hedging of such products is highly sensitive to implied volatility and correlation assumptions. Here, Marco Avellaneda, Dash Boyer-Olson, Jérôme Busca and…

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