Active ETFs Are Hamstrung: The first five are out. Expect a flood of additional funds despite their limitations

摘要

TO MOST INVESTORS, THE beauty of exchange-traded funds is that they're simple to analyze, dirt-cheap to own and immune from manager mistakes - all the things that most mutual funds are not. The introduction of actively run ETFs hacks away at all three of these advantages plus introduces some new problems. You'd be advised to avoid them until they prove their value.