Roiter, Eric D. --- "Exchange-traded funds: neither fish nor fowl" [2018] ELECD 846; in Birdthistle, A. William; Morley, John (eds), "Research Handbook on the Regulation of Mutual Funds" (Edward Elgar Publishing, 2018) 247

Book Title: Research Handbook on the Regulation of Mutual Funds

Editor(s): Birdthistle, A. William; Morley, John

Publisher: Edward Elgar Publishing

ISBN: 9781784715045

Section: Chapter 11

Section Title: Exchange-traded funds: neither fish nor fowl

Author(s): Roiter, Eric D.

Number of pages: 20

Abstract/Description:

The chapter conducts a comprehensive analysis of exchange-traded funds. Specifically, it explores the design of ETFs, traces their growth, and reviews their trading and investment strategies. It then considers the newest development in the world of ETFs, the advent of “actively managed” ETFs. Finally, it considers ETFs more broadly, to determine whether they pose a risk to the financial system that warrants greater regulation by the SEC and the Federal Reserve Board.