23.03.2009 - Why exchange-traded funds are on a better footing than mutual funds
From Livemint.com: These days anything even remotely connected with financial engineering arouses suspicion. But all financial engineering need not necessarily end up making a hole in the financial system. Exchange-traded funds or ETFs stand as a good example of successful financial engineering. These follow what is called “in-kind creation and redemption”—an innovative structure that puts them on a better footing than our mutual funds.....Full Article: Source