Tag Archives: index arbitrage
The Gift of a Benevolent Providence
Suppose that I buy a popular exchange traded fund (ETF) tracking the S&P 500® today, leave it in my brokerage account for 20 years, and then sell it. What return should I expect? The answer, obviously, is that my return should reflect the movements in the S&P 500 (net of fees) over my 20-year holding…
- Categories Equities, S&P 500 & DJIA
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