A Behavioral Finance Analysis on ETF Investment Behavior

Author

Yang Xu ; Kaijian He ; Kenneth, Lo Ka Kuen ; Kin Keung Lai

Author_Institution

Sch. of Econ. & Manage., Beijing Univ. of Chem. Technol., Beijing, China

fYear

2014

fDate

4-6 July 2014

Firstpage

386

Lastpage

389

Abstract

Since the global financial tsunami, Exchange Traded Funds have attracted much attention, as investors are increasingly concerned with the underlying risk exposure and transparency in their investments. However, much is yet to be learned about its behavioral characteristics, in addition to the traditional risk and return factors. In this paper, we take a behavioral finance perspective to investigate additional behavioral factors during the ETF investment process. We have found some behavioral characteristics, that are unique for the ETF investment and the Hong Kong regions.

Keywords

behavioural sciences; exchange rates; globalisation; international trade; investment; risk management; ETF investment behavior; ETF investment process; Hong Kong regions; behavioral characteristics; behavioral factors; behavioral finance analysis; behavioral finance perspective; exchange traded funds; global financial tsunami; investment transparency; logistic regression; return factors; risk exposure; risk factors; Analytical models; Educational institutions; Investment; Logistics; Mutual funds; Portfolios; Behavioral Finance; Exchange Traded Fund (ETF); Factor Analysis; Logistic Regression;

fLanguage

English

Publisher

ieee

Conference_Titel

Computational Sciences and Optimization (CSO), 2014 Seventh International Joint Conference on

Conference_Location

Beijing

Print_ISBN

978-1-4799-5371-4

Type

conf

DOI

10.1109/CSO.2014.81

Filename

6923709