I found this morning this website http://www.etfconnect.com/.
A very comprehensive site that not only shows you around in the ETF-universe but also in the world of funds.
One function is the ‘fund sorter’ which let you sort out funds versus various criteria.
Now, there exist close-end funds and ETF investing in almost the same underlying. Only thing: an ETF is shadowing an index very closely while a closed end fund –as an example- can quote with a premium or a discount.
Now imagine you have an ETF and a closed-end fund investing in the same underlying. Normally they should move in the same direction at the same pace. Their ratio should be 1.
But this is not always the case.
As an example we take the Market Vectors Russia ETF and the Templeton Russia Fund (ticker: RSX and TRF).
They have almost the same underlying but they do not move in unison due to the fact that TRF can quote at a discount or a premium.
As is illustrated.
A very comprehensive site that not only shows you around in the ETF-universe but also in the world of funds.
One function is the ‘fund sorter’ which let you sort out funds versus various criteria.
Now, there exist close-end funds and ETF investing in almost the same underlying. Only thing: an ETF is shadowing an index very closely while a closed end fund –as an example- can quote with a premium or a discount.
Now imagine you have an ETF and a closed-end fund investing in the same underlying. Normally they should move in the same direction at the same pace. Their ratio should be 1.
But this is not always the case.
As an example we take the Market Vectors Russia ETF and the Templeton Russia Fund (ticker: RSX and TRF).
They have almost the same underlying but they do not move in unison due to the fact that TRF can quote at a discount or a premium.
As is illustrated.
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