SELECTION OF A GOLD EXCHANGE-TRADED MUTUAL FUND BASED ON TRACKING PERFORMANCE ASSESSMENT

The research is devoted to the development of the author’s methodological approach to the selection of a gold exchange-traded mutual fund based on an assessment of the tracking error. An analysis of the theoretical aspects of the mutual fund market is carried out, within the framework of which the essence of the concept of a mutual fund is revealed, the classification of mutual funds, the main development trends are considered, and the features of exchange-traded mutual funds are highlighted. As a result of the analysis, it is revealed that a mutual fund is a fairly popular investment tool that allows private investors to make a profit by accumulating funds into a single pool and transferring it under the management of a professional market participant. The mutual fund market has a sufficient variety of types, among which exchange-traded mutual funds are actively developing; the main distinguishing feature from other types is that their shares are traded on the stock exchange. The methodological part contains an analysis of various methods for assessing the effectiveness and their applicability to gold exchange-traded mutual funds. Based on the results of the analysis, a methodological approach to the selection of a gold exchange-traded mutual fund based on an assessment of the tracking error has been developed. The parameters for assessing the effectiveness of tracking the gold rate by exchange-traded mutual funds are: the size of the commission, the level of liquidity, and the tracking error. In addition to the methodological approach, a method for calculating a key indicator tracking error has also been developed. For the practical application of the methodological approach, a system for ranking funds by efficiency has been developed, the result of which can be used in making an investment decision. The developed methodological approach to the selection of an exchange-traded mutual fund of gold based on an assessment of the tracking error was applied to Russian gold exchange-traded mutual funds.

exchange-traded mutual fund, gold, exchangetraded funds, tracking error, efficiency, investment funds, mutual funds, mutual fund trends, concept of mutual funds, classification of mutual funds

Popova T. A., Zemf V. S. Selection of a gold exchange-traded mutual fund based on tracking performance assessment. Biznes. Obrazovanie. Pravo = Business. Education. Law. 2024;3(68):72—78. DOI: 10.25683/VOLBI.2024.68.1050.