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Investors Are Swarming Into the World's Most Expensive ETF: BIZD

TedTed
in Fund Discussions
FYI: The fund, which tracks publicly traded business development companies, known as BDCs, is by far the world’s most expensive ETF, with an eye-popping expense ratio of 920 basis points. To understand how high this is, consider that the next closest fund charges 362 basis points, according to data compiled by Bloomberg.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-06-21/price-is-no-object-as-investors-flood-world-s-most-expensive-etf

M* Snapshot BIZD:
http://www.morningstar.com/etfs/ARCX/BIZD/quote.html

Comments

  • rforno

    That's .... beyond stunning. Wonder how many folks buying into this thing consider themself informed, educated, and/or "sophisticated" investors?

    Let 'em play with their money; I have better ways of spending and investing mine.


  • TedTed
    @MFO Members: "Investors Are Swarming" is somewhat misleading. The fund's inception date was 2/11/13, and with just 194.5 million in assets I don't think you could call that swarming.
    Regards,
    Ted
  • rforno

    Agreed, Ted. But hey, it gets people to click on the link! ;/
    Ted said:

    @MFO Members: "Investors Are Swarming" is somewhat misleading. The fund's inception date was 2/11/13, and with just 194.5 million in assets I don't think you could call that swarming.
    Regards,
    Ted

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