EXCHANGE TRADED FUNDS ARE NOT FOR EVERYBODY.(Business)(Column)

From: Seattle Post-Intelligencer | Date: September 4, 2000 | Copyright information

FOR THE FIRST six months of this year, U.S. investors flung $93 million a day into exchange traded funds, or ETFs, an industry that barely existed three years ago.

Since 1998, assets in these fund/stock hybrids have quadrupled and show no signs of slacking. But they are easier to invest in than they are to understand. Here's what you need to know to make the most of ETFs without going broke in the process.

What are they?

Exchange traded funds are basically baskets of securities that trade like stocks. Most are run like index funds in that they buy the stocks ...

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