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Article

ETF Transaction Costs Are Often Higher Than Investors Realize

James J. Angel, Todd J. Broms and Gary L. Gastineau
The Journal of Portfolio Management Spring 2016, 42 (3) 65-75; DOI: https://doi.org/10.3905/jpm.2016.42.3.065
James J. Angel
is an associate professor in the McDonough School of Business at Georgetown University in Washington, DC.
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  • For correspondence: angelj@georgetown.edu
Todd J. Broms
is the chief executive officer of Broms Asset Management LLC in New York, NY.
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  • For correspondence: todd.broms@bromsam.com
Gary L. Gastineau
is the president of ETF Consultants.com, Inc. in Bonita Springs, FL.
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  • For correspondence: gary@etfconsultants.com
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The Journal of Portfolio Management: 42 (3)
The Journal of Portfolio Management
Vol. 42, Issue 3
Spring 2016
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ETF Transaction Costs Are Often Higher Than Investors Realize
James J. Angel, Todd J. Broms, Gary L. Gastineau
The Journal of Portfolio Management Apr 2016, 42 (3) 65-75; DOI: 10.3905/jpm.2016.42.3.065

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ETF Transaction Costs Are Often Higher Than Investors Realize
James J. Angel, Todd J. Broms, Gary L. Gastineau
The Journal of Portfolio Management Apr 2016, 42 (3) 65-75; DOI: 10.3905/jpm.2016.42.3.065
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  • Article
    • Abstract
    • ETF SHARE CREATIONS AND REDEMPTIONS—THE ROLE OF ARBITRAGE FORCES
    • WHAT IS THE COST OF TRADING ETFS?
    • TRADING AT THE MARKET CLOSE
    • ETF NAV QUALITY
    • CONCLUSION
    • APPENDIX
    • ENDNOTES
    • REFERENCES
  • Info & Metrics
  • PDF (Subscribers Only)
  • PDF (Subscribers Only)

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