Michalik, Thorsten; Schubert, Leo - In: Economic Analysis Working Papers (2002-2010). Atlantic … 8 (2009) December, pp. 1-23
Fund Management today uses the active and passive way to construct a portfolio. Exchange Traded Funds (ETFs) are cheap instruments to cover the passive managed part of the investment. ETFs exist for stock-, bond- and commodity markets. In most cases the underlying of an ETF is an Index. Besides...
