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Jane Bryant Quinn On ETFs
The renowned financial columnist, now writing for Bloomberg News, focuses her attention today on exchange-traded funds and their advantages over active mutual funds.
The headline says it all: "Lame Fund Managers Head for an ETF Thumping."
You can read the column here.
Follow-Up On Inverse & Leveraged Returns
In case you missed it, or didn't read this column, TheStreet.com ran a guest piece last month by Eric Oberg explaining how inverse and leveraged funds don't always provide the exact returns they're shooting to mimic in any given index.
The piece spawned a flood of copycat articles, trying to pick up on the fact that providing 200% or 300% leverage is tricky since working with futures on a daily basis is more art than science.
The original by Oberg, a retired Goldman Sachs managing director in fixed income, commodities and currencies, still might be the best. Now, he has a follow-up on that column looking at the reaction and bringing up some more important points about using leverage with ETFs.
You can read the story here.
Bogle Being Bogle
Ross Kerber had a lengthy interview with Vanguard founder John Bogle, who discussed a wide range of issues in his unique way in this interesting feature for the Boston Globe.
You can read it here.
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