By SIMON CONSTABLE
Exchange-traded-fund providers are coming out with more offerings of what are known, a bit awkwardly, as “funds of funds.”
While a regular ETF typically owns a basket of securities, an ETF fund of funds owns a basket of other ETFs. Funds of funds have a long history in the mutual-fund industry, and are now taking root in the ETF world. Read more here.
Exchange-traded-fund providers are coming out with more offerings of what are known, a bit awkwardly, as “funds of funds.”
While a regular ETF typically owns a basket of securities, an ETF fund of funds owns a basket of other ETFs. Funds of funds have a long history in the mutual-fund industry, and are now taking root in the ETF world. Read more here.
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