Index Funds and ETFs: Potentially Useful and Straightforward – and Yet Potentially Misunderstood, Opaque and Risky
Overview
The authors discuss Exchange Traded Funds (ETFs) - what purpose they serve, why demand for ETFs has grown, and the author's position on the use of these products. Also covered are how ETFs have evolved in recent years, examination of their risks and consideration of some unintended consequences that may result from their design that have implications for the market as a whole.