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- Title
Exchange-Traded Funds: A New Investment Option for Taxable Investors.
- Authors
Poterba, James M.; Shoven, John B.
- Abstract
In this article, the authors compare the pretax and after-tax return on the largest exchange-traded fund, the SPDR trust, which holds the securities in the S&P 500, with the returns on the largest equity index fund, the Vanguard Index 500 fund. The authors extend the exchange-traded funds (ETF) return calculations of Edwin J. Elton et al. (2002) by focusing on a longer sample period and by comparing ETF returns with those on index funds.
- Subjects
INVESTMENTS; MUTUAL funds; TAXATION; INDEX mutual funds; VANGUARD mutual funds
- Publication
American Economic Review, 2002, Vol 92, Issue 2, p422
- ISSN
0002-8282
- Publication type
Article
- DOI
10.1257/000282802320191732