| Abstract [eng] |
Exchange-traded Funds (further – ETF) are well known to be defined as innovative investment alternative. However, it would be important to mention, that popularity and demand has been increasing tremendously of these financial funds: more and more investment funds, financial corporations and individual investors are willing to invest their capital into passively managed alternative. As an investment fund, ETF has been distinguished with unique peculiarities allowing to diversify investment portfolios and gain exposure in foreign markets. In accordance to peculiarities of single equities, ETF can be easily traded, therefore it is not a surprise why ETF as possible investment alternative has been receiving spotlight. In this Master thesis, the actual goal is to estimate and to analize Nordic ETF, their actual performance, which would be aligned and cross-analyzed to their indexes. Furthermore, initially fund results and performance have been analyzed, without forgetting to take into account their usage of leverage (if applied and if possible). To all of that, replication methods both – synthetic and physical – have been investigated too, as they play an enormous part in fund management. |
