Latin American iShares: Prices And Premiums

  • Javier Rodríguez University of Puerto Rico
Keywords: Exchange Traded Funds, iShares, Premium


ETFs have fast become one of the most popular investment instruments not only in developed markets but also in emerging markets. This study examines the prices and premiums of a sample of country-specific Latin American ETFs, a highly popular group of ETFs with investors, but relatively unexplored in academic literature. Regression analysis is used to measure price efficiency and the persistence of deviations from net asset value. I find that although price efficiency is high, other factors, beside fundamental value explain the variation in prices. Most of the ETFs in the sample are more likely to trade at a premium and deviations from net asset value persist at least for a day.


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Author Biography

Javier Rodríguez, University of Puerto Rico

Javier Rodríguez, Ph.D. is Professor - Finance, University of Puerto Rico, Graduate School of Business

How to Cite
Rodríguez, J. (2014). Latin American iShares: Prices And Premiums. Applied Finance Letters, 3(2), 24-29.
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