ETF & Indexing Report: So simple


Exchange-traded funds were lauded a couple of years ago as simple products with low fees, features that should make them appeal to one and all. But as the market has developed in a bifurcated fashion - there are physically-backed as well as derivative-based ETFs - and competition has increased, the story has become a little more complicated.

Part of the complication is due to the usual dynamic that follows when a whole host of companies get involved in a new market. Each is intent on

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