Читать книгу Mutual Funds For Dummies - Eric Tyson - Страница 89

IN THIS CHAPTER

Making sense of exchange-traded funds

Understanding unit investment trusts

Creating your own customized funds

The hallmarks of the investment and economic system are constant change, innovation, and choice. Index mutual funds, which track a particular market index (see Chapter 10) and the best of which feature low costs, have been around for decades.

The best exchange-traded funds (ETFs) represent a twist on index funds — ETFs trade like stocks do and offer some potential advantages over funds. However, some cheerleaders pitching ETFs gloss over drawbacks to ETFs and fail to disclose their agenda in promoting ETFs.

Some other fund wannabes compete for your investment dollars, too. This chapter offers the straight scoop on these alternatives.