Overlooked EFTs deserve some attention: Andrew Hilton explains why exchange-traded funds--currently ignored by so many--are worth a look. (CSFI).(exchange-trade funds)(Brief Article)(Column)

Banker, The, August, 2002 by Hilton, Andrew

Here's an oddity: a new financial product that is actually worth a puff -- and isn't getting it from a financial press that may feel it has been fooled once too often by the spin doctors of Wall St and the City But exchange-traded funds (ETFs) may be the next new, new thing -- particularly in view of the backlash against active investment management in the UK as a result of the Sandier report. (And possibly following publication of a new CSFI report by Kevin James, Waiting for Ariadne, in which he argues that, to achieve the same value that one would get from investing [pounds sterling]1 directly into the market, a UK investor who uses an active fund manager would have to invest [pounds sterling]1.80.)

At a recent CSFI round-table discussion, speakers -- from...

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