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Differences in performance between physical and synthetic exchange-traded funds
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This work studies the main differences in performance between traditional and synthetic exchange traded funds, based on a sample of twenty-two ETFs. The tests performed throughout this study demonstrate the higher ability of synthetic replicated funds to track the underlying index. Additionally, despite the effects of COVID-19 pandemic in ETFs performance, funds that follow a synthetic replication strategy keep tracking better than physical funds, and, moreover, present higher return values than their own benchmark.
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Asset management Exchange-traded funds Etfs performance Tracking error Synthetic Physical