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Browsing by Author "Le, Thanh Dat"

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Three Essays on Exchanged-traded funds and Institutional ownership 

Le, Thanh Dat (2023-03-16)  ETD File Embargoed
The first essay examines the replacement effect of smart beta ETFs on closet-factor active mutual funds. The results show that smart beta ETFs offer factor exposures at lower fees and, therefore, higher risk-adjusted returns ...