Why would you want to pay mutual fund management fees when you can buy and sell Exchange Traded Funds?
They are doing those investors a favor by removing the option to invest in an underperforming asset class.
That’s all true, and I agree with you, but most investors wouldn’t know an ETF if they woke up next to it in bed.
I think what this really shows is how Progressives are destructive to free markets.
There are index mutual funds with expense ratios about as low as index ETFs.
Agree totally. The only reason I have any mutual funds is because that’s all my 401k will allow, and I can’t pass up the employer match. But all my investments outside my 401k are stocks & ETFs and their performance kicks the mutual funds’ @ss
http://online.barrons.com/news/articles/SB50001424052748704567604578416593357026504 http://www.businessweek.com/articles/2013-07-09/a-hidden-danger-in-etfs