Asset Allocator's Soapbox: Daphne Gu

The demand for Exchange Traded Funds (ETFs) has accelerated from both an institutional and retail perspective over the past decade. While institutional investors view ETFs as a convenient vehicle for participating in, or hedging against broad movements in the stock market, increasingly retail investors and financial advisers see ETFs as a low-cost passive alternative. However, there is growing concern that investors do not fully grasp the sophistication of some of these products. For example, in 2008, there were two major developments that affected the ETF market: the growing populari...