FYI: After volatile pricing of exchange-traded funds (ETFs) in August last year forced trading halts and an investigation by U.S. regulators, an early champion of the industry is now raising concerns about the products he helped build.
Gary Gastineau promoted ETFs to investors because of their cost savings when he was an American Stock Exchange executive in the 1990s and he oversaw the listing of the first U.S. funds tracking industry sectors and foreign markets, but now he now argues that many funds cost more than investors realize.
Regards,
Ted
http://www.reuters.com/article/us-usa-etfs-idUSKCN0XP2Q0
