04.20.2023 - Markey Efficiency
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Research on Market Efficiency + Tax-Efficiency of ETFs vs. Mutual Funds
Presented by Professor Derek Horstmeyer, George Mason University School of Business

In this webinarDerek Hortsmeyer, Professor of Finance, George Mason University, teaches what his team found when you shift one’s portfolio away from stocks and toward bonds, based on the CAPE ratio—the cyclically adjusted price/earnings ratio made famous by Yale University finance professor Robert Shiller. Derek will also share their findings from analyzing the post-tax returns of ETFs, compared to mutual funds. The difference is significant.
I liked his 'fresh' approach to data gathering and his approachable manner
- Charles D.
Interesting results of investing in a recession.
- Russell F.
Good info and research overall on funds and elf's
- David T.
Option premiums I knew about but Derek elaborated on that topic. I appreciate all of these seminars they are on a much higher level than the vendor seminars or seminars/presentations other Financial educators provide in the industry.
- Edward D.
The question about WHY ETFs are tax efficient got me thinking about the structure of ETFs, and during Q&A I googled some websites to learn more about the in-kind redemption feature. Thank you for prompting me to dig into an important aspect of ETFs that I hadn't really understood before.
- Maria R.