FYI: When hiring people who call themselves strategists, be aware that some act more like tacticians instead.
That is one lesson from several recent setbacks among ETF strategists, asset managers who specialize in picking exchange-traded funds—those popular investment baskets that mimic market benchmarks like the S&P 500-stock index or the Barclays U.S. Aggregate bond index.
Until recently, ETF strategists have been sizzling hot. By March 2014, they had garnered $103 billion in assets, up from $44 billion at the end of 2011. But assets slid to $91 billion at year-end 2014 and likely dropped further in the first quarter as disappointed investors pulled money out, says Ling-Wei Hew, an analyst at Morningstar, the investment-research firm.
Regards,
Ted
http://blogs.wsj.com/moneybeat/2015/05/15/can-you-use-etfs-to-beat-the-market/tab/print/
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