"Seif said ETFs are popular because they're good for investors: 'They provide the ability to get exposure to the market and use them in multiple ways, whether for asset allocation or as a complement to stocks or active managers.'I am always surprised that some still pay mutual funds such high fees for performance that mirrors (or worse) indexed performance.
Near the end of the session Seif took a direct shot at traditional mutual funds: 'High-fee index-hugging general mutual funds charging 2.5% a year that underperform the market just don't cut it any more. That's the reality.'"
Saturday, June 07, 2008
ETFs dominate Canada Cup -- and a looming threat to Canada's mutual funds - The Wealthy Boomer: