FYI: Sometimes failure represents a step in the right direction.
For fund investors, the failure of BlackRock’s target-date exchange-traded funds (ETFs) is a positive for two reasons: 1) It shows that fund investors may know — better than fund companies give them credit for — how to properly use ETFs, and 2) that fund companies are willing to shutter issues that aren’t worthy, rather than sticking with their bad ideas because they have found some consumers willing to buy.
Regards,
Ted
http://www.marketwatch.com/story/why-its-good-that-these-target-date-etfs-failed-2014-09-15/print
