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ETFs versus CEFs: Performance in International Equity Investing
2013
International Journal of Economics and Finance
Exchange-traded funds have experienced rapid growth in the last twenty years. We compare the performance of these funds to competing closed-end funds in the international equity investment setting. Expense ratios, turnover, risk, and return are examined over a ten year period ending in 2012. The expenses and turnover rates for exchange traded funds were significantly lower. However, closed-end fund returns after deducting expenses were significantly higher both unconditionally as well as on a
doi:10.5539/ijef.v5n12p79
fatcat:2qtddjrlojaypo2a54ek3qbbnq