ETFs and index funds could be one of the most successful financial innovations of over the past three decades, however, the rise of common ownership could be negatively impacting investor returns, according to Martin Schmalz, professor of finance and economics at Oxford Saïd Business School.
Speaking at ETF Ecosystem Unwrapped 2023, Schmalz said ETFs have helped democratise investing for the individual investor, allowing them to benefit from diversification on the cheap, delivering higher returns at any given risk level...
This article first appeared in ETF Insider, ETF Stream's monthly ETF magazine for professional investors in Europe. To read the full article, click here.
