A Bibliometric Review of Exchange-Traded Funds

Abstract

Passively managed financial instruments, such as exchange-traded funds (ETFs), play a vital role in the financial markets and investors’ portfolios because they are tax-efficient and cost-advantageous and earn a benchmark return. In this article, we attempted to visually represent the scholarly work achieved in the realm of ETFs in a single frame. Using bibliometric methods, we extensively analysed the content of scientific papers published in Scopus over the past two decades. This paper contributes to advancing future research and expanding ETF conceptualisation by providing conceptual frameworks and substantial additional understandings in the form of empirical and practical insights. The comprehensive knowledge of the results enlightens Publication trends, Prolific authors, Leading Institutions, Journals, Leading countries and Collaborations, Top-cited articles, etc., acknowledged using bibliometric techniques, and significant clusters are derived using PageRank analysis. Finally, the study concludes with reflections and recommendations for future research.