Abstract
Over the past few years, ETF issuance has expanded rapidly. Many new releases of ETFs have often been repetitive and therefore haven't added enough uncorrelated issues that help investors achieve true diversification. However, this is beginning to change as new ETFs in commodity, currency, and inverse markets have been issued or are in registration pending approval and release. For the ever-expanding number of DIY (Do-it-Yourself) retail investors, having these new ETFs available will allow the more astute investor the ability to construct their own hedge fund, utilizing ETFs exclusively. This represents a momentous change for retail investors and presents a challenge to conventional portfolio managers and their attendant consultants.
- © 2006 Pageant Media Ltd
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