Futures versus ETFs: Every Basis Point Counts | Pocketmags.com

Shopping Cart -

Your cart is currently empty.
Upgrade to today
for only an extra Cxx.xx

You get:

plus This issue of xxxxxxxxxxx.
plus Instant access to the latest issue of 300+ of our top selling titles.
plus Unlimited access to 26000+ back issues
plus No contract or commitment. If you decide that PocketmagsPlus is not for you, you can cancel your monthly subscription online at any time. Auto-renews at €10,99 per month, unless cancelled.
Upgrade Now for €10,99 Learn more
This website use cookies and similar technologies to improve the site and to provide customised content and advertising. By using this site, you agree to this use. To learn more, including how to change your cookie settings, please view our Cookie Policy
Pocketmags Digital Magazines
IT
Pocketmags Digital Magazines
   You are currently viewing the Italy version of the site.
Would you like to switch to your local site?
Leggi ovunque Read anywhere
Modalità di pagamento Pocketmags Payment Types
Trusted site
A Pocketmags si ottiene
Fatturazione sicura
Ultime offerte
Web & App Reader
Regali
Loyalty Points

Futures versus ETFs: Every Basis Point Counts

A look at how futures have become a cost-effective alternative

As equity markets remain volatile, futures markets are reaching new volume records. In 2015, CME Group open interest was up 5%, while Q1 2016 volumes on E-mini S&P 500 futures were up 31% year-over-year, as shown in Fig.1. Both futures and ETF markets have shown impressive growth, though the growth of the ETF market has not come at the expense of futures, according to Tim McCourt, CME Group’s managing director and global head of equity products.

“ETFs have taken market share away from mutual funds, not from futures, with index tracking mutual funds having seen $170bn of outflows between 2013 and 2015,” McCourt says.

Fig.1 E-mini S&P 500 Index Futures quarterly ADV and open interest Q1 2013 - Q1 2016
Source: CME Group

Every basis point counts with passive index investing; this belief was a driving force behind CME Group’s The Big Picture: A Cost Comparison of Futures and ETFs, updated to reflect 2015 data and available to readers as an insert in our hard copy magazine or via a link on our website. This report provides an analytical framework for comparing the costs of trading or investing in the S&P 500 equity index via E-mini S&P 500 futures and the three largest S&P 500 ETFs (SPY, IVV and VOO), for different types of investment strategies, investor types and holding periods. The analysis is based on a range of assumptions that CME Group enumerates as typical for many larger investors.

READ MORE
Purchase options below
Find the complete article and many more in this issue of The Hedge Fund Journal - Issue 112 - March | April 2016
If you own the issue, Login to read the full article now.
Single Issue - Issue 112 - March | April 2016
€129,99
Or 12999 points
READ NOW
Getting free sample issues is easy, but we need to add it to an account to read, so please follow the instructions to read your free issue today.
Email Address
6 Month Digital Subscription
Only € 140,00 per issue
€699,99
Or 69999 points

View Issues

About The Hedge Fund Journal

INFORMING THE HEDGE FUND COMMUNITY With access to some of the industry’s biggest names and an astute and talented group of writers and contributors, The Hedge Fund Journal has established itself as a trusted source of information on the hedge fund industry.