Impact of exchange traded funds on the liquidity of underlying stocks : evidence from Singapore.

This research investigates empirically the liquidity effects of the introduction of Exchange Traded Funds (ETFs) on the underlying stocks. Using evidence from the Singapore market, we find the listing of StreetTRACKSSM Straits Times Index Fund (STI ETF 100) causes a reduction in the liquidity of the...

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Bibliographic Details
Main Authors: Chang, Yeong Kiat., Lee, Ivan Chin Yong., Teo, Sok Kian.
Other Authors: Krishnamurti, Chandrasekhar
Format: Final Year Project (FYP)
Published: 2008
Subjects:
Online Access:http://hdl.handle.net/10356/8946