PT  - JOURNAL ARTICLE
AU  - Brian J. Henderson
AU  - Gerald W. Buetow
ED  - Connett, Wendy
TI  - Practical Applications of Are Flows Costly to ETF Investors?
AID  - 10.3905/pa.2014.2.2.074
DP  - 2014 Oct 31
TA  - Practical Applications
PG  - 1--4
VI  - 2
IP  - 2
4099  - https://pm-research.com/content/2/2/1.9.short
4100  - https://pm-research.com/content/2/2/1.9.full
AB  - Are Flows Costly to ETF Investors? Brian J. Henderson Gerald W. Buetow As ETFs evolve to include more exotic products, cash creation and redemption is becoming a more common strategy for investors to gain exposure to less-liquid, difficult-to-trade assets, particularly in emerging markets. In Are Flows Costly to ETF Investors? , Gerald Buetow and Brian J. Henderson examine whether or not cash creations and redemptions are costly to investors. Buetow is Chief Investment Officer at Innealta Capital , in Charlottesville, Virginia, and Henderson is an Assistant Professor of finance at the George Washington University , in Washington, DC. “The idea was that, if we are going to incorporate these exposures into our various strategies, then we should be able to understand the implicit cost of the exposures, ” Buetow explains. “This research attempts to better quantify those costs. ”TOPICS: Exchange-traded funds and applications, exchanges/markets/clearinghouses, in markets