Summary
- The shift from mutual funds to ETFs is a secular trend.
- Claims that ETFs won’t work in down markets are loaded and obtuse.
- Active asset allocation – using direct securities, funds or ETFs – is key to managing risk.
- Transparency and liquidity of ETFs makes them a useful tool for implementing asset allocation decisions.
Continue reading this article at Seeking Alpha right here: https://seekingalpha.com/article/4232900-etf-transparency-liquidity-welcome-stressed-markets
