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Exchange Traded Funds - eine geeignete Anlageklasse für Privatinvestoren?

  • The assets under management in the financial product Exchange Traded Funds has been steadily rising the past years. The purpose of this bachelor thesis is to identify if Exchange Traded Funds are a suitable asset class for private investors and how this asset class can be applied to special investment strategies. Particular emphasis is placed on criteria of private investors to choose their capital investment and an analysis of ETFs in terms of performance, cost, tracking error and risk. A survey on 356 German custodians revealed the most important criteria for capital investment as capital security, comprehensibility and profitability. The 84 analyzed ETFs showed differences in terms of performance, cost, tracking error and risk depending on the geographic region of the index the ETFs track. ETFs tracking indices of industrialized nations perform more steadily, are less volatile, cost less and track their indices more precisely than ETFs tracking developing or emerging countries’ markets. Due to the fact that ETFs are diversified in itself and established as special funds, they are secure investment products. They are easily understandable and can have a steady return. Those results indicate that ETFs are a suitable asset class for private investors.

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Author:Jasmin Katona
Advisor:Michael Lederer
Document Type:Bachelor Thesis
Year of Completion:2017
Granting Institution:Hochschule Furtwangen
Date of final exam:2017/08/25
Release Date:2017/09/05
Tag:ETFs; Exchange Traded Funds; Indexfonds
Page Number:123
Degree Program:IBW - Internationale Betriebswirtschaft
Functional area:Finance & Accounting
Licence (German):License LogoUrheberrechtlich geschützt