PT  - JOURNAL ARTICLE
AU  - Jim Wiandt
TI  - ETFs on Steroids?
DP  - 2007 Sep 21
TA  - ETFs and Indexing
PG  - 111--128
VI  - 2007
IP  - 1
4099  - http://guides.pm-research.com/content/2007/1/111.short
4100  - http://guides.pm-research.com/content/2007/1/111.full
AB  - A new wave of exchange-traded products has rolled across the landscape, and they are making a lot of noise. These ETFs are mounting a frontal attack on some of the most fundamental tenets of indexing, namely, (i) that markets are efficient, (ii) that cap weighting is optimal, and (iii) that the lowest fee, lowest turnover, and most broadly diversified funds can be expected to have the highest returns over time. A number of these ETFs have been on the market for a year or more, and it is time to issue tentative report cards on their performance. Do the returns measure up to the hype?