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The Performance of the Australian Equity ETFs

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  • Gerasimos G. Rompotis

    (Department of Economics, National and Kapodistrian University of Athens, Athens, Greece)

Abstract

The performance of the equity Australian Exchange Traded Funds (ETFs) over the five-year period 2019-2023 is examined in this study. The empirical results show that, on average, the return of the examined ETFs has been positive over the study period. In addition, the ETFs has beaten, in raw return terms, the S&P/ASX 200 Index, which is a proxy for the entire stock market in Australia, in three out of five years during the study period. However, these ETFs have not achieved any statistically significant alpha against the market benchmark. Moreover, the results of a cross-sectional regression model show that performance is negatively related to the age of ETFs but positively to their size. Finally, when it comes to persistence, the empirical findings indicate that in most of the cases performance reverts from one year to another.

Suggested Citation

  • Gerasimos G. Rompotis, 2024. "The Performance of the Australian Equity ETFs," Financial Economics Letters, Anser Press, vol. 3(4), pages 65-79, December.
    • Handle: RePEc:bba:j00007:v:3:y:2024:i:4:p:65-79:d:380
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    References listed on IDEAS

    as
    1. Rosa Adamo & Domenica Federico & Antonella Notte, 2023. "ETFs in European Emerging Markets: Performance, Risk and Sustainability," American Journal of Economics and Business Administration, Science Publications, vol. 15(1), pages 44-51, December.
    2. Niels J. Gormsen & Ralph S.J. Koijen, 2023. "Financial Markets and the COVID-19 Pandemic," Annual Review of Financial Economics, Annual Reviews, vol. 15(1), pages 69-89, November.
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