---
title: ETFs as a Disciplinary Device *
url: https://www.ml-quant.com/papers/ssrn/5069499/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 5069499
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5069499
featured: 2025-01-01
citations: 0
topic: Portfolio & Allocation
---


# ETFs as a Disciplinary Device *

The study shows that active exchange-traded funds (AETFs) help investors remove underperforming managers, leading to improved sector efficiency and price informativeness.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5069499
- Identifier: SSRN 5069499
- Released: 2024-11-21
- First featured: Quant Letter No. 80 (2025-01-01): https://www.ml-quant.com/issues/2025-01-01/
- Citations (Semantic Scholar): 0
- Published in: not yet
- Topic: Portfolio & Allocation

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