期刊名称：Ovidius University Annals: Economic Sciences Series
电子版ISSN：2393-3127
出版年度：2011
卷号：11
期号：1
语种：English
出版社：Ovidius University Press
摘要：In the context of the financial innovation of the last few decades,when we were faced with an important diversification of the financial instruments used on the capital markets,the ETFs are revolutionary financial products with a strong impact on the global investment environment. The unique creation and buyback process along with characteristics such as transparency,liquidity,flexibility,reduced costs and diversification have transformed ETFs into the financial products with the biggest grow rate,products preferred even during crises. In the present paper,we try to analyze the world of ETFs (evolution,dynamics and special features that can respond to the complexity of needs portfolio investors have while deciding on the structure of their investment portfolios.
