The Smart Trader's Guide to ETFs;

摘要

Exchange-traded funds are one glorious success story, having gone from nothing to $1 trillion in assets in 18 years. The best of them beat the classic Vanguard mutual funds in the cost game. But you have to know what you're doing. If you are sloppy with selection or execution you will fritter away the ETF cost advantage. Here are three rules for cost-conscious ETF investors. Compare expenses. Consider the two big emerging-market funds, from Vanguard and iShares. "Emerging," by the way, is shorthand for "where property laws are sketchy." These funds invest in China, Russia and Brazil. Between them they sit on $90 billion. In Vanguard's case the ETF is attached to an old-fashioned mutual fund with the same portfolio.