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Bloomberg: Investors will buy anything now

 

A paper on short-selling of exchange-traded funds co-authored by Dr Oğuzhan Karakaş, University Senior Lecturer in Finance at Cambridge Judge Business School, featured in Bloomberg. The study titled “Phantom of the Opera: ETF Shorting and Shareholder Voting,” argues that “this dynamic means “that phantom shares, stemming from short-selling of ETF shares (for ETF market making, directional, or hedging purposes), lead to sidelined votes during the proxy voting process.”

Read the full article [bloomberg.com]