02064nas a2200229 a 450000500170000000800410001703500150005810000270007324500740010026000670017430000220024149000520026350001520031550200830046752009650055065000410151570000340155670000460159070000490163681000840168585600650176920260817162338.0090124s2007    th uu|m rtt   0|  a1eng d  a.b120469421 aPhilippaerts, Benjamin13aAn analysis of exchange-traded funds development in the United States  aPathum Thani, Thailand :bAsian Institute of Technology,c2007  a40 leaves :bill.1 aResearch studies project report ;vno. SM-07-86  aA research study submitted in partial fulfillment of the requirements for the degree of Master of Business Administration in International Business  aResearch Studies Project Report (M.B.A.) - Asian Institute of Technology, 2007  aThe report attempts to define and to explain the reason for the development of Exchange Traded Funds (ETFs) in the United States over these last years. Data used for the study is collected through Investment Companies Institute, market quotations' providers and several websites and books dedicated to finance. The significant finding from the analysis shows that investors have a growing interest in index trackers, and that ETFs benefit abundantly from that market trend. Their easiness to be purchased and hold and their low expense ratios justify partly their success. The diversity of available underlying indices is important, covering domestic and international equities from all industries, but also bonds and commodities. ETFs creation and redemption process is innovative, to what extent it is based on securities swap and not on purchases. However, this innovation does not allow them to be systematically more cost effective than some mutual funds. 0aExchange traded fundszUnited States1 aTang, John C.S.,eChairperson0 aSununta Siengthai,eExamination Committee1 aDimmitt, Nicholas J.,eExamination Committee2 aAsian Institute of Technology.tResearch studies project report ;vno. SM-07-86  3Full-Textuhttp://203.159.5.9/ait-thesis/detail.php?q=B10556