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ETF Strategies And Tactics Part 1 of 3
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January 27, 2009 08:17 AM PST
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Last night I interviewed Neal Weintraub and Andrew Hyman authors of the important new book ETF Strategies and Tactics. On the call we discussed the Exchange Traded Funds (ETFs).

Andrew is also a key person in X Shares Advisors.

An ETF is a fund that tracks an index, but can be traded like a stock. ETFs have the power from bundling assets together on a pool then they sell shares of the pool that trades like a stock. This means the composition of the fund is set BEFORE the fund actually starts trading.
This solves the problem of the actively managed mutual fund where the prospectus is vague and the fund manager can buy or sell whatever the want and suck fees out like a spider sitting in the web…and your retirement is the fly!