Once hot ETF "fad" faces a backlash

08/27/2008 | Bloomberg Businessweek

There are mounting signs of a backlash against exchange-traded funds, Ben Steverman writes for BusinessWeek. The reason, he says, is that "the ETF craze has led to a whole industry whose entire goal is apparently to just think up new ETFs. With ETFs chasing the latest hot investment idea, you end up with a fad (the ETF concept) chasing more fads."

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