Chapter 5. The Nuts and Bolts of ETFs
As a $9 trillion industry, it’s really not fair to say that mutual funds are dead or even dying. But ETFs are giving them a serious challenge for market share, and the events of 2008 could well be the tipping point.
Mutual funds are by far the most popular investment vehicle for the average American. Ask the average Joe who doesn’t even invest if he knows what a mutual fund is—of course he does.
It’s no wonder then, that investors are increasingly turning to a relatively new alternative: the exchange traded funds (ETFs). They’re hardly a household name, but if you hold them up side by side to any mutual fund, their advantages are undeniable. They’ve got investors of all types, styles, and strategies, ...
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