BestNoLoadFunds.com : January 2008

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Wednesday, January 30, 2008

Mid-Week Funds News

5 Golden Rules for the ETF Industry to Live By: "If the ETF industry is going to continue to thrive, it should stick by these five rules."
Index Fund Advantages: "Index Funds are capable of performing better than an actively managed fund because..."
You Can't Always Judge an ETF By Its Name | ETF Trends: "...'kokusai' is the Japanese word for 'international.' It's an interesting choice of word for a fund with no holdings in Japan."
Recently Reopened Mutual Funds: Any Interesting Ones?: "For investors who had an eye on these funds, but were denied access due to the closure, the reopening present an opportunity to get into the doors of some good funds."
Beat The Average Investor’s Returns With The Simplest Investment Portfolio: "'Simple' can be better. Here’s how to create a straightforward portfolio that can beat most investors’ returns."
No-Load Funds With Winning Habits: "The table below contains 22 open-end funds that have achieved double-digit annualized returns for the latest year as well as the past three years, five years and 10 years."
Getting Technical - Barron's Online: "...based on relative performance vs. the USA, when global markets finally pull out of their collective funk, these are going to be the places, Japan excepted, to look to put money back to work."
Pay Attention to Earnings-Based ETFs: "Roll out the earnings! That's what WisdomTree is doing with its new batch of ETFs, all fundamentally weighted on the basis of trailing earnings."

(permalink) -- Posted by KenW

Monday, January 28, 2008

Funds News Roundup

The Fed's Move Benefits Mutual Funds: "If the stock market really does look six months out based on expectations of economic activity, passage of the stimulus package may help to shift the course of investor expectations."
Tips for surviving a recession: "What should you do to prepare for a recession?"
ETF's For A Bear Market & Recession: "Here is a list of 'Inverse ETF"s' that are actually designed to go up in a down market."
MSN Video > What's Hot >: "A look at where to put your money, with Tom Lydon, ETFtrends.com editor and CNBCs Becky Quick."
For mutual funds the scandal is what has remained legal: "The legal scandal comes in two parts."
Quant ETFs And The Fed Model: "Does the 'Fed Model' created by Ed Yardeni, which uses forward earnings estimates, expose exchange traded funds (ETFs) that use these estimates to added risk?"
Shorting ETFs - Goodbye To The Old Risks: "In my opinion, when you are following a disciplined trading method, being long an index is just as risky as being short an index in an unleveraged manner."
Mutual funds have deterrents to protect long-term investors: "The relatively new fair-value pricing measure allows fund companies to factor in changes in the market value of certain holdings to better reflect changes that happened after the market last closed."

(permalink) -- Posted by KenW

Friday, January 25, 2008

Fund News, Weekend Reading

Will 2008 Be the Year of the Quant ETF?: "...a majority of the 451 ETFs and exchange-traded notes [ETNs] currently on file with the Securities and Exchange Commission [SEC] involve some form of quantitative or alternative methodology to index construction."
Bipolar Global ETF Fund Flows Continue in 2008: "The bipolar nature of ETF investor fund flow trends in 2007 whereby money went to safety or for riskier above-average returns seems to be continuing in 2008."
Investors need to 'embrace the volatility' even as markets melt: "Advisers say keep funding your 401(k) and cut your credit-card debt"
Funds' Holdings Bust Their Britches: "O'Halloran won't stray from the fund's process. 'We view the process like the U.S. Constitution. It's unchangeable,' he said."
Financial Sense Online Market WrapUp with Frank Barbera: "Today’s update [1/22/08] is designed to convey the extent of the stock market's recent decline in terms of where a number of key indicators now stand."
A Look Back at the Past Year of Mutual Fund Reviews and...: "I don’t claim to be an expert fund selector, and none of these funds are recommendations to buy or sell, but I thought it would be interesting to go back and see just how these funds matched up against their benchmarks or the market as a whole."
Active Fund Managers Lose $12 Billion in Potential Management Fees a Year in US as Investors Move $1 Trillion to Index-based Investment Products: "Index Providers' Revenue to Top $1 Billion a Year in 2009, Climbing at a 22%..."
Your reaction to real-estate funds' decline may reveal bad habits: "For investors who bought real-estate funds over the last few years, their year-end statement has provided a jolt, and that means it's time they re-evaluate the reasoning behind their investment choices."
Materials-related Fidelity funds up agriculture and chemicals: "Materials were a good place to be in 2007. Most stocks and groups in this sector outperformed the broad U.S. market."
Asia Enters Bear Market: "The major Asian indices officially entered a bear market Tuesday, as a recent spread of speculative short positions led to panic selling, mainly due to hedge funds unloading heavily on margin calls."
The Current Market Is Ideal for ETF Tax-Loss Harvesting: "ETFs are unique vehicles for helping with the tax bill in large market downturns such as the one we are experiencing."

(permalink) -- Posted by KenW

Wednesday, January 23, 2008

Mid-Week Funds News and Views

Day of reckoning in the US glasshouse - Times Online: "America actually faces three separate but related problems; a credit crunch, a debt crisis and a macroeconomic problem."
Mutual Fund Review: Royce Micro-Cap Fund (RYOTX): "...it is always worth noting that past performance does not indicate what the future holds, but given its track record and investment strategy, it appears to be one of the best funds if you’re looking to compliment your portfolio with some micro-cap stocks."
TIAA-CREF Introduces Lifecycle Retirement Income Fund: "TIAA-CREF ...introduced the Lifecycle Retirement Income Fund, a new low-cost, well-diversified mutual fund that seeks high total return over time primarily through income, with a secondary emphasis on capital appreciation."
Is the Worst Over for Financials ETFs?: "Is it a sign of good things to come for the put-upon financials, or just a temporary step forward? Only time will tell on this one."
Interesting ETFs: "Proshares TR(SKF) and it performs 2X (Ultra Short) the financial sector. ...Here are other Ultra Shorts ETFs( also performing 2x the corrisponding sector)to keep on your radar:"
ETF Trends & Observations: Gold, Oil, Banks, India, China & More: "About once a week I like to run through about 200 of the most liquid ETF's to get a better sense of the market. A good picture of the market can be painted by scanning through them so I thought I'd share my thoughts on what I'm seeing..."

(permalink) -- Posted by KenW

Monday, January 21, 2008

Funds News and Views Roundup

Cash-Rich Mutual Funds May Battle Bear: "As stocks flirt with bear-market territory, mutual-fund investors shopping around right now might want to consider funds sitting on a lot of cash -- since it positions them to bargain-hunt if the occasion arises."
Long term or short, sloth matters: "...capture a market return. Give as little as possible of that return to Wall Street. And diversify like mad."
Deal Between NYSE and Amex Will Create a Giant ETF Hub: "NYSE Euronext announced that it's buying the American Stock Exchange, a deal that will make the NYSE the leader in exchange traded fund (ETF) listings."
What Long-term Uptrend Line?: "The S&P 500 sliced through key support of its five-year uptrend line ...triggering major downward momentum..."
Time To Look at Mutual Funds: "Cramer welcomed ...Chuck Akre, the manager of the FBR Focus Fund FBR Focus Fund FBRVX...one of Cramer's favorite mutual funds with an amazing five-year average annual return of over 20%."
Build your mutual fund portfolio: "...build your mutual fund portfolio with care. Here are some pointers to get started."

(permalink) -- Posted by KenW

Friday, January 18, 2008

Funds News and Views for Weekend Reading

3 Mutual Fund Predictions for 2008: "Now that we have 2007 in the rearview mirror, I'm going to make some predictions about what the coming year holds for the industry and its investors."
Once Mighty Britain Tumbles, Its ETF Sinks: "This almost 12-year-old exchange traded fund has $1.2 billion in assets and tracks the performance of the MSCI United Kingdom Index. It returned nearly 30% in 2006. Thanks to the rough financial waters toward the end of 2007, though, its return was just 8% last year."
Buying foreign funds? Set realistic expectations: "Dan Lefkovitz, mutual fund analyst at Morningstar, says that investors are raising the foreign side of their portfolio, but they seem to be expecting international stocks to outperform domestics in perpetuity."
New ETF takes value-based approach to large-cap growth stocks: "New fund takes value-based approach to large-cap growth stocks"
ETF for the "Fast Food" Investor?: "Can the American diet constitute a thesis for an investing concept? Even in a nation where economic growth has slowed considerably, we still have to eat. And for many of us, that means fast food."
Dogs of the Dow: Do it yourself vs Mutual Fund vs ETN: "If you're interested in the Dogs of the Dow strategy, I know of three different ways of implementing it: doing it yourself, through a mutual fund, or through an exchange traded note (ETN)."
The Illusion of Mutual Fund Returns: "You'd think that the reported return on a mutual fund would give an accurate picture of how much money the fund's investors made. A study by Bullard, Friesen, and Sapp released in December 2007 shows that this isn't necessarily the case."
ETF Tricks: "Check out some new opportunities, and new hazards, in this fast-changing arena."
Top 5 Reasons Why Dividend Investing Over ETF: "All right, that's it! Those ETF bullies have tormented us dividend stock pickers long enough. I'm retaliating. My headgear is on. My gloves are strapped. Give me your best shot."
ETF Assets Grew by $187 Billion in 2007: Record year...: "The ETF industry saw the most successful year in its history in 2007, according to the US-Listed ETF Industry Review and 2008 Outlook released today by State Street Global Advisors in Boston."
New research finds portfolio rebalancing isn't always a good move: "New research suggests rebalancing your portfolio isn't always a smart move"
Fidelity Reopening Magellan Fund: "Fidelity Investments is reopening its Magellan Fund to all investors after a decade of restricted access..."
Growth of ETFs, separates outguns that of mutual funds: "While mutual funds continue to garner the lion's share of investment assets, their growth is trailing that of exchange traded assets and separately managed accounts."
Recent ETF Performance: "It's been ugly for stocks over the last month. Let the ETF data do the talking:"
The Falling Dollar and Currency ETFs: "With the dollar's weakness, these ETFs have posted great returns the past couple of years..."
The Best ETF for 2018 (Video): "This ETF's thoroughbred businesses are trading at quarterhorse prices, says Morningstar's director of exchange-traded research."

(permalink) -- Posted by KenW

Wednesday, January 16, 2008

Mid-Week Funds News and Views

3 Names Put Tech Above the Fray: "It was a very good year for technology mutual funds, which returned more than 17 percent, on average, according to the research firm Morningstar. But a few tech funds seemed to be operating on a far faster track in 2007, lapping the field while racing to gains of 30 percent or more."
New S&P index gauges inverse performance of stock benchmark: "Inverse index funds 'offer a cost effective way to hedge market exposure,' Mr. Reilly said."
ETFs Harbor a Little Surprise: Capital Gains for the Tax Collector: "Last year, 95 ETFs, or nearly 18% of all exchange-traded funds tracked by fund researcher Morningstar Inc., passed along capital gains to investors. That's a big jump from just 6% of ETFs in 2006 and 3% of ETFs in 2005."
Retirement Calculator: How much will I need to save for retirement?: "This pre-retirement calculator will help you think of ways to improve your retirement outlook."
ETF Industry's Next Conquests: Africa and Mideast: "Emerging markets are out, frontier markets are in."
Vanguard Steps Up To The Plate: "Vanguard belatedly got into the ETF business in 2001 and now has $43 billion in these funds. ...Here's why you should pay attention to Vanguard ETFs."
Investing in Biotech ETFs: "If one were to look at the chart..., one would have to assume that investing in the biotech industry has been a wonderful thing, especially for the past few years ... Well, take a close look."
Cramer flip-flop: 'I've evolved': "The 'Mad Money' host who beseeches his viewers to 'buy, buy, buy' hot stocks has written a new book warning that individual investors almost never beat the market."
ETF Securities seeing strong investment growth as appeal of commodities grows: "ETF Securities said it has seen rocketing growth in assets under management in recent weeks as investors seek to diversify their portfolios away from the volatile equity markets and into commodities."
Farming ETF In The Hot House: "For a little more than four months now, there's also been an exchange-traded fund that invests in companies tied to agriculture. The Market Vectors Global Agribusiness ETF (amex:MOO) attempts to replicate the performance of the DAXglobal Agribusiness Index, 40 companies worldwide engaged in the agriculture industry. Since inception on Aug. 31, 2007, the MOO has gained about 40% in price..."
East Meets West in This ETF: "The Vanguard Europe Pacific ETF (AMEX: VEA) is well-suited to investors who want to diversify internationally, providing exposure to companies in Pacific Rim nations and in Europe -- two regions with stronger economic growth than the U.S. over the past few years."
2008 might be the year for actively managed ETFs: "Another filing for actively managed ETFs was made last week, an indication that 2008 might be the year investors can finally invest in them."
Mutual funds celebrate best year in a decade: "The Canadian mutual fund industry had its best year in a decade in 2007, with sales reaching nearly $35 billion, up a whopping 70 per cent from the year before."
Technology Sector ETFs: "Not all Technology Sector ETFs are created equal. The composition and weighting of the components will influence the performance."
Market Spotlight: ETFs Get More Complex: "As investors flock to exchange-traded funds -- index funds that trade like stocks -- the roughly 15-year-old industry is branching into more complex instruments."
ETF Industry Might Be Growing Too Fast: "Even some exchange-traded fund executives think the industry may be growing too quickly for its own good."
Resources and Riches in Latin America: "Brazil's stock market soared, and iShares MSCI Brazil (EWZ) ...rose a whopping 72% for the year. That's more than fourteen times better than performance of the Dow Jones Industrials or the S&P 500. And over the past two years, ...The Brazil ETF is up 275%, compared to just 26% on the Dow."

(permalink) -- Posted by KenW

Monday, January 14, 2008

Fund News Roundup

Greenhouse index - UBS to unveil global warming derivatives index: "UBS is set to launch the first derivatives index designed to track the greenhouse effect, allowing investors to bet on the combined impact of carbon emissions and rising global temperatures."
Indian funds dominate world?s top 100 list in 2007: "Indian equity funds stormed into the Lipper list of the world’s 100 top-performing stock funds of 2007, with 40 funds making the cut compared with none a year ago..."
New ETF takes value-based approach to large-cap growth stocks: "With this difficult outlook, one exchange-traded fund is attracting attention because it invests in large-capitalization growth companies that have a history of expanding profits and are trading at low valuation."
This Week's ETF Winners & Losers: "Exchange-traded funds tracking homebuilders were the worst performers of a volatile week... Energy-related ETFs also fell for the week... On the positive side, securities tracking gold futures were higher for the week."
Investors Pulling Billions Out Of Mutual Funds, ETFs This Month: "TrimTabs notes that investors took $10 billion out of U.S. equity funds in the first four trading days of 2008, and an additional $12.1 billion out of U.S. equity ETFs. [compared with] ...the worst month for outflows was May of last year, when $8.4 billion was pulled out."
ETF Expert: Utilities: The Closest Thing to A "Safe" Bull Market: "...there are only a few convincing bull markets at the present time. And in truth, they exist in highly defensive sectors like 'utilities.'"
Country-Specific ETFs Gain Popularity but Remain Risky: "The popularity of international investing has been well documented. But lesser known is the rising interest in country-specific ETFs... Morningstar currently tracks 36 of these ETFs, which hold $57 billion, or about 10% of the industry's assets."
The Real Returns: Cumulative returns of index funds: "These returns show that the large cap segment of the market is starting to outperform now..."
Surging gold ETF holds more metal than some governments: "Surging gold prices and ravenous investor demand have unleashed massive inflows at ETFs such as StreetTracks, whose booming holdings now surpass those owned by China and other sovereign nations."

(permalink) -- Posted by KenW

Friday, January 11, 2008

Weekend Fund Reading

2008 Mutual Fund Guide - Forbes.com: "Best Buys combine good risk-adjusted six-year returns and low expenses (loads, overhead and portfolio trading costs)."
10 Very Low Cost S&P 500 Index Mutual Funds: "Excluding the obvious institutional funds, here are the remaining low cost S&P 500 index mutual funds that it seems an investor might be able to buy retail.*"
Anywhere But Here...: "Top Ten Mutual Funds of 2007 (not one U.S centric portfolio)"
Target-date mutual funds stir debate: "Target-date mutual funds were attacked in a recent study just as the government gave them its blessing as the default option in 401(k) plans."
What Does Your Mutual Fund Say About You?: "In this article, we show you how to determine whether your mutual fund managers are acting in your best interests and in line with your beliefs."
ETF shelf space and the 1/n heuristic: "One of the big selling points of the exchange traded fund or ETF was the notion that this would simplify investor’s lives. ...It is incumbent on investors to realize that just because an ETF was created does not mean it necessarily belongs in your portfolio."
ETF Status Check - Video: "Discussing whether ETFs will have another big year, with J.D. Steinhilber, Agile Investments; Russell Pearlman, SmartMoney"
Fidelity is Showing Some Vigor, but What Does It Mean for ETFs?: "The big question is, will investors respond to the improvements in research and management and get back into funds they've abandoned in recent years? Or will investors write off mutual funds for good and stick with ETFs?"
Towards Bear Market Territory?: "What can you do? Invest in exchange-traded funds or mutual-funds that are geared to profit from market and sector declines."
10 things you need to know about Class A share mutual funds: "Included in this list are some cold hard facts about Class A shares, along with some tactics you really need to watch out for when purchasing an A share mutual fund."
Technical Talk: Tech ETFs Way Oversold: "The big story for 2008 is the massive breakdown in a number of tech ETFs and stocks."

(permalink) -- Posted by KenW

Wednesday, January 09, 2008

Mid-Week Funds News

Money 70: Funds for the long run: "Investing is a marathon. Use our Money 70 funds to run a safe, steady race."
35 Common Sense Rules for Investing: "...these are my rules -- so pick and choose what you like and ignore the rest."
Mutual fund and ETF performance, analysis and more: "...this week's top stories they tell you about the conditions and environment that separated last year's winners and losers. Then, these stories look ahead at what could be a highly challenging year for global financial markets and identify investment styles and sectors that could do well."
ETFs Offer Help In Unstable Economy: "Although a recession hasn't hit, some are pondering "when" and want to protect their assets. David Schrader for Seeking Alpha has a few ETFs for portfolio protection, assuming the economy continues a decline:..."
The Downside of Mutual Funds: Negatives and Risks to an Investment Strategy: "From fees to performance, this article reviews the risks of purchasing stock and bond mutual funds."
His Own Man: "Jonathan Steinberg says he has found a way to build a better index fund and, in the process, a reputation he can be proud of."
Index funds are never out of style: "Actively managed stock mutual funds have outperformed the major stock indexes for an entire decade — but don't ditch your index funds just yet."
Safe Mode Nets Gains For Bonds; Funds That Opt For Treasuries Instead Of Risky Sub-prime Securities See Solid Returns.: "Better safe than sorry turned out to be the winning motto for many mutual fund managers and their investors, as 2007 made a sudden transformation from an easy-money era to a painful credit crunch."
Websites can help you pick ETFs and mutual funds: "There are a number of ways to find out the right mix of ETFs for you."
What's Wrong With Mutual Funds?: "Buy an index fund. Approximately 80% of mutual funds underperform the average return of the stock market. Here's what else you need to know about mutual funds."

(permalink) -- Posted by KenW

Monday, January 07, 2008

Funds News Roundup

Recommended mutual funds to start the new year: "...we'll see which funds three investment advisers are recommending for 2008."
The Best New ETFs of 2007 - Morningstar: "...we've canvassed the list of new ETFs and hand-picked our favorites."
Latest exchange-traded funds offer great new ways to diversify: "ETF sponsors have launched intriguing funds in four key sectors, offering ordinary investors some great new ways to diversify."
Vanguard Plays With Mega-Cap ETFs: "...if mega-cap stocks continue to perform, Vanguard's three new mega-cap exchange traded funds (ETFs) could be a case of the right ETF at the right time."
Search Laggards for Future Winners - WSJ.com: "...investors who hope to spot some of the market's best opportunities should instead browse the list of ETF laggards, including some holding battered housing and financial stocks, advisers and analysts say."
Our 2007 Fund Managers of the Year - Morningstar: ..."here are this year's three winners."
Solar Energy ETF Continues To Shine Brightly!: "With the surging prices in oil, alternative energy stocks, particularly solar, continue to shine brightly. The PowerShares Clean Energy ETF (PBW) is gently pulling back from its all-time high set one week ago."
The 10 Biggest Winners and Losers of 2007 - Morningstar: "...let's have a look at the funds with the best and worst returns of 2007."
Gold, silver exchange-traded funds (ETF) holdings: "Investment demand in precious metals exchange-traded funds (ETFs) remains robust as gold and other precious metals are trading near record highs."
ETF's bright future dimmed over 2007: "Young business struggles to gain footing amid market instability"

(permalink) -- Posted by KenW

Friday, January 04, 2008

Weekend Reading

Most mutual funds came out ahead in 2007: "...U.S. stock and bond funds managed to post positive returns on average but were far outpaced by international stock funds, which continued their multi-year hot streak."
Year-End Mutual Funds Update: "For the third year running, world equity funds were the best performers among all mutual fund categories. ...this group returned 16% in 2007, according to Lipper... Domestic diversified equity funds had a 7% return in 2007, even though most of these funds posted losses in the fourth quarter. In contrast, the S&P 500 returned 3.5% in 2007."
Jim Lowell On Mutual And Exchange-Traded Funds: "Global growth will remain the key investment theme for 2008. But all markets will become more sensitive to daily economic- and earnings-related data, which either support or discount current global GDP expectations."
Regional Bank Holdrs ETF slides to 2-year low, National City hits 12-year low: "The Regional Bank Holdrs ETF ...hit its lowest level in more than two years ...with shares of National City Corp. ...one of the fund's components, tumbling on news of dividend and job cuts."
The Downside of Mutual Funds: Negatives and Risks to an Investment Strategy: "From fees to performance, this article reviews the risks of purchasing stock and bond mutual funds."
New Real Estate Funds Crash and Burn: "Forty real estate funds debuted this year, nearly double the 22 that were launched in 2006. ...The timing couldn't have been worse."
Look At The Bright Side With ETFs: "A recession is still looming over the U.S. economy, but it isn't doom and gloom for investors, as exchange traded funds (ETFs) still present opportunities."
A Push Is On for Actively Managed ETFs: "...a number of ETF providers are on a quest to make stock-picking expertise available through these investment vehicles."
Mutual Fund Companies Diverge on ETFs: "The Wall Street Journal surveyed the mutual fund industry and found that fund companies fall into three basic camps with their strategies..."
Managed Care ETF Looks Strong: "Health care stocks and exchange traded funds (ETFs) had a ho-hum 2007, but there is one sub-sector that has high expectations for 2008: managed care."
[China's] mutual funds see massive annual growth: "The net assets of China's mutual funds nearly quadrupled in 2007 to reach US$453 billion, up from US$117 billion a year earlier, AFP reported."

(permalink) -- Posted by KenW

Thursday, January 03, 2008

Funds and ETFs News

Fund Insight: Mutual Fund Report Card for 2007: "Below are 12 mutual fund categories, along with the five funds in each that performed the best in 2007..."
Keynote Index Fund: "I wondered what effect the Jobs keynote had on Apple's (AAPL) stock price in the short term."
Small Step Back for ETFs, But Forward Momentum Continues: "...assets in exchange traded funds (ETFs) fell in November ...a 2.7% drop from October. ...year-over-year numbers are still showing big jumps.
An Exchange Traded Fund for Alternative Energy: "Jon Najarian ...gave his favorite ETF play. He reported the ETF MOO."
Gold ETF At New High, While Oil Follows Suit: "...the Gold Index ($GOX), ...ignored yesterday's broad-based losses and rocketed 6.7% higher. ...Yesterday's strength led to our anticipated breakout in USO [U.S. Oil Fund]."
Make Your ETF Resolutions, and Stick to 'Em: "...now is as good a time as any to evaluate where you stand with your exchange traded funds (ETFs) and make your resolutions for next year."

(permalink) -- Posted by KenW

Wednesday, January 02, 2008

ETFs 2007-2008

2008 Global ETF Outlook: "...let's take a look today at a variety of global ETF choices as we turn the corner into 2008."
International Materials ETF: Profit From Emerging Market Hunger For Basic Materials: "Recently, newsletter advisors began giving their top picks for 2008. And there seems to be a substantial interest in capturing profits from global trends."
Emerging market, oil ETFs shine in 2007, homebuilder, financial sectors sink: "...emerging market and energy-sector exchange-traded funds were the biggest winners while homebuilder and financial ETFs fell to the bottom ...Six out of the top 10 best-performing ETFs ...cover emerging markets..."
New Year or Lunar Year ETF Resolutions: "Whether you want to diversify your portfolio into a global powerhouse or specialize it into a specific niche, there is an ETF to suit every goal."
Postage Stamp Portfolio Is Primed for Next Year: "To reach your goals for prosperity, you will need a postage portfolio. You affix the stamp of risk management on this envelope of mutual and exchange-traded funds to ensure that it gets to a certain place in the future."
ETFs To Innovate Stock, Bond Investing In Coming Year: "Winners and losers in 2007: ETFs tracking emerging markets, steel and energy were among the top-performing funds this year."

(permalink) -- Posted by KenW