17.11.2008 - An ETF world gone mad
From FT Adviser: In this brave new world of transparency and buck passing, multi-managers have come under scrutiny for using these exotic and little understood funds. IFAs choose multi-manager funds to cede responsibility for fund and manager selection to the experts. If multi-managers are turning to passive funds such as ETFs, is this not blatantly shirking the responsibility for which they handsomely charge?.... Full Article: Source