Competition for Attention in the ETF Space

We thank Thummim Cho, Nicola Gennaioli, Wes Gray, Denis Gromb, Elisabeth Kempf, Steve Oh, Amin Shams, Matt Sheridan, Andrei Shleifer, Jim Simpson (ETP Resources), René Stulz, David Thesmar, Petra Vokata, Rodrigo Wagner, and the seminar audience at the University of Colorado at Boulder, Bank for International Settlements, The Ohio State University, AEA meetings, the Virtual Finance Seminar in Corporate Finance and Investments, Democratize Quant Conference, the Frankfurt School of Finance & Management, National University of Singapore, Santiago Finance Workshop, and CFA (Lugano chapter) seminars for helpful comments. We are especially grateful to Alp Simsek for detailed comments. Ben- David is with The Ohio State University and the National Bureau of Economic Research. Franzoni is with USI Lugano, the Swiss Finance Institute, and the Center for Economic and Policy Research. Kim is with The Ohio State University. Moussawi is with Villanova University and Wharton Research Data Services. Ben-David is a co-founder and a partner in an investment advisor. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

• January 21, 2021
• March 9, 2021
• July 22, 2021