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Börshandlade fonder eller aktieindexfonder?: En studie som jämför avgifter och handel
Södertörn University College, School of Business Studies.
Södertörn University College, School of Business Studies.
2009 (Swedish)Independent thesis Basic level (degree of Bachelor), 10 credits / 15 HE creditsStudent thesis
Abstract [en]

 

Problem: For what type of investors are index funds versus exchange-traded index funds best suited?

Objective: The purpose of the paper is to determine how an index fund or an exchange-traded index fund (ETF) suits different types of investors with different requirements in terms of time frame, investment size and purpose of investment. The comparison is based on fees and trade practicality. This is going to describe the advantages and disadvantages with the two different financial instruments.

Method: The study is a comparative study using two methods; one of which is a case study, the other is a qualitative interview. The case study focuses on fees and is made on an exchange traded fund (XACT OMXS30) and a simple equity index fund (Erik Pensér equity enhanced index). The interview is a more general comparison of the differences between ETFs and stock index funds. Focus here is on trade practicality.

Results: The study concludes that XACT OMXS30 is more suitable for a large investor, that makes fewer transactions and that saves on long term. Erik Pensér equity enhanced index fund is suitable for both short and longer term investors. However, taken to extremes XACT OMXS30 is always cheaper than Erik Pensér in the long term. Regarding purpose of investment, when doing monthly saving Erik Pensér is more beneficiary whilst the differences are less evident when saving on yearly basis. The study also shows is that the commission is most critical for which of the two investigated funds the investor should choose. Generally, ETFs is better suited for active traders as transaction are more flexible. Also, a benefit of ETFs for active traders is that they have made it easier to speculate on short term volatility on the stock exchange (e.g. using Bull & Bear with leverage).

 

Place, publisher, year, edition, pages
2009. , 65 p.
Keyword [en]
Börshandlade fonder, ETF
Identifiers
URN: urn:nbn:se:sh:diva-3209OAI: oai:DiVA.org:sh-3209DiVA: diva2:293322
Presentation
(English)
Uppsok
Social and Behavioural Science, Law
Supervisors
Examiners
Available from: 2010-02-11 Created: 2010-02-11 Last updated: 2010-02-11Bibliographically approved

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fulltext(2521 kB)456 downloads
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File name FULLTEXT01.pdfFile size 2521 kBChecksum SHA-512
a53433fb27e670ede5e3c7e2c0a6f68fd75467888e88d4e4d244baabd9e4e8b5eb9d3d285c0321947b9571b442eec46a37b8e25603b2f76e50a533d6baee1a6b
Type fulltextMimetype application/pdf

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CiteExportLink to record
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Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf