26.10.2010 - Why exchange-traded funds may be an investor's new best friend
From Cnbc.com: Active fund managers have suffered through a perfect storm of obstacles the last three years —and investors have noticed. Buffeted by markets made more efficient by high frequency traders, high stock correlation, and an increasing focus on costs, actively managed mutual funds have failed to earn their high management fees and lost ground to exchange traded funds, ETFs, and index funds. “I ditched actively managed funds and started investing in ETFs a few years back,’’ says Ary Rosenbaum, an attorney in Garden City, New York. “I was tired of actively managed funds failing to meet their benchmark.’’.............................................Full Article: Source
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