European ETFs offer fleeting arbitrage opportunities, yielding minimal profits.
The article explores how similar European index ETFs can be traded for profit within a single day. By analyzing large amounts of intraday data, the researchers found that there were opportunities to make small profits by exploiting price differences between ETF pairs for the FTSE100 and DAX30 indices. These opportunities were short-lived and occurred on specific days, but ultimately resulted in insignificant profits. This suggests that the overall pricing of these ETFs is efficient.