ETF
ETFs are Exchange-Traded Funds.
I think they are often dangerous and misused, but I’ve seen critiques which missed on why.
This one I like and agree with:
The bottom line is that the ETF providers are not your friends. At their core they are asset gatherers and fund marketers. Just because a new ETF is created does not automatically mean it is worthy of your hard-earned investment dollars.
Before we go any farther down the anti-ETF industry path, let’s pause and take note of some of the good things to come from the ETF revolution. We have written previously how it amazing that investors can now create low-cost, globally diversified portfolios using ETFs. In addition, investors can now access innovative investment strategies that were previously only available to institutional and high-net worth investors. Indeed, any number of active investment strategies rely on ETFs for implementation.