RT Journal Article
SR Electronic
T1 The Evolution of Index Proxies
JF ETFs and Indexing
FD Institutional Investor Journals
SP 84
OP 85
VO 2005
IS 1
A1 Michael E. Mollin
A1 Joseph Riggio
YR 2005
UL http://guides.pm-research.com/content/2005/1/84.abstract
AB ETFs have become increasingly popular with many different types of investors, especially institutional investors looking to gain broad index exposure. However, since the passage of the Commodity and Futures Modernization Act of 2000, the futures industry led by the introduction of the equity E-mini™ products offered by the Chicago Mercantile Exchange, has been gaining the acceptance as a more efficient alternative. This article examines some of the similarities and differences of these two products.