'The mutual fund industry is in trouble,' investor warns as hidden-asset ETFs hit the scene (via ETFEdgeCNBC)
Wall Street's first two actively managed, nontransparent exchange-traded funds, some investors are wondering what the implications could be for competing actively managed mutual funds.
ETFs are also largely cheaper to own than mutual funds and more liquid, meaning they can be bought and sold on the open market. Generally, mutual funds can only be bought or sold after the market has closed., who for years have struggled to find alpha under the more costly and rigid mutual fund umbrella.
"There's going to be a point where they become a level playing field, and ETFs, with their benefits, could outweigh those of mutual funds in the long term," Rosenberg said. "For my money, we prefer a little bit more transparency than less in general, but I'm always amazed about the ETF product" Davi said. "I've been working in the ETF ecosystem for 20 years. I remember when iShares first launched 25 ETFs in one day. People were like, 'Why do you need a single country? Why do you need a subsector ETF?' And sure enough, we have an entire industry now. So, there's always a market.
France Dernières Nouvelles, France Actualités
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