Exchange-traded funds: an overview of institutions, trading, and impacts

A Madhavan - Annu. Rev. Financ. Econ., 2014 - annualreviews.org
Exchange-traded funds (ETFs) have grown substantially in diversity and size in recent years,
reflecting a broader shift toward passive, index investing. As a consequence, there is …

Equity ETFs versus index futures: a comparison for fully funded investors

A Madhavan, U Marchioni, W Li… - The Journal of Index …, 2014 - pm-research.com
The widespread adoption of exchange traded funds (ETFs) as institutional instruments,
tighter trading spreads, and lower fees mean these investment vehicles are increasingly …