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Forbes.com
10-09-2006, 02:40 PM
Forbes Investing Ideas

Adviser Soapbox
ETF Drift
Richard Lehmann, ISA ETF Investor 10.09.06, 2:30 PM ET

MIAMI -

The inspiring concept that launched an era of exchange-traded funds was to provide the investor with a market rate of return that did not depend on luck or the selection skills or other motivational factors of an open-end mutual fund portfolio manager.

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Given the dismal performance records of thousands of open-end mutual funds, it is understandable why investors flock to ETFs. Mutual fund fee structures discourage the type of buying and selling an ETF allows, instead substituting a free transfer to another, often equally dismal member of the same mutual fund family.

complete article here... ( http://www.forbes.com/finance/investingideas/2006/10/09/spy-qqqq-dia-pf-guru-in_rl_1009soapbox_inl.html?partner=rss )

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