The Thursday Fund Track column is for you, stock pickers, but only if you like buying ETFs, too. (Fund executives outside of portfolio management and portfolio managers who don't use ETFs or indexed pieces to build their pies may want to skip the column entirely.)

Scott Burns, director of ETF research at the fund rating firm that Joe Mansueto built, told the Wall Street Journal's John Spence that, thanks to the credit and housing markets' woes, Morningstar is dumping the Financial Select Sector SPDR Fund, the iShares Dow Jones U.S. Home Construction Index Fund and the KBW Bank ETF from the 'hands-on' and 'hands-off' model portfolios it manages and describes in its monthly, subscription-based ETF Investor newsletter. 

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