MutualFundWire.com: Jaffe and Kranefuss Don't Want ETFs in the Wrong Hands

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Monday, September 20, 2010

Jaffe and Kranefuss Don't Want ETFs in the Wrong Hands

Lee Kranefuss

"Don't let anyone buy in [to an ETF] who doesn't belong in it. They'll have a bad experience." Former iShares chief Lee Kranefuss shared those words last week at the first Morningstar ETF Invest Conference in Chicago, Chuck Jaffe reports in today's Wall Street Journal "Fund Track" column. Like Kranefuss, Jaffe argues that ETFs aren't for everyone, at least not yet.

"Ultimately, joining the ETF revolution requires feeling comfortable that the 'better tool' is better for you, given your individual circumstances and investment know-how," Jaffe writes, pointing to Kranefuss' remarks. "The average investor should live by that creed, and not buy into ETFs if they don't belong, lest they have that bad experience."

Printed from: MFWire.com/story.asp?s=33477

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