RT Journal Article
SR Electronic
T1 The ETF Free Lunch
JF ETFs and Indexing
FD Institutional Investor Journals
SP 55
OP 57
VO 2008
IS 1
A1 Robert J. Waid
YR 2008
UL http://guides.pm-research.com/content/2008/1/55.abstract
AB One promoted advantage of Exchange Traded Funds (ETFs) versus mutual funds is the ability to short the ETF. What is not advertised is that the management fees of the ETF are included in the performance of the short, creating a tailwind for performance as opposed to selling a future or shorting the holdings directly.