Ameritrade is jumping on the exchange-traded fund bandwagon. The discount broker said Friday that it has created an online resource dedicated to ETFs offers investors tools, education and information about the funds.

There are some who think that ETFs products stand to benefit from the allegations that many of the largest fund firms harmed shareholders by making deals with traders using arbitrage and quick-trading strategies.

ETFs are priced and traded in stock exchanges, meaning that there is no opportunity to arbitrage a stale net asset value.

"Delivering tremendous flexibility, market-tracking performance and lower fees, ETFs may provide significant benefits for both the active trader and the long-term investor," said Joe Moglia, Ameritrade's chief executive officer. "As an advocate for these individuals, we feel it is important to provide this resource to investors so they can better understand their investment options."

The Ameritrade ETF center provides:

A screening tool providing search functionality;

Intra-day information on top-performing and most active ETFs;

News, articles, reviews and ETF-related product releases; and

Resource pages offering fund profiles, definitions, advantages, risks, portfolio approaches and answers to frequently asked questions--important information for those interested in augmenting their personal investment or trading strategies.  

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