Expanding the Investment Mix Beyond Mutual Funds

McCarthy, Ed.
August 2007
Journal of Financial Planning;Aug2007, Vol. 20 Issue 8, p22
Academic Journal
The article discusses the use of separately managed accounts (SMAs) and exchange traded funds (ETFs) in portfolio management. At the end of 2006 SMAs had assets totaling $889 billion. SMAs can be used as a portfolio's primary investment vehicle, or as a means of pursuing a specific investment strategy. In 2006 alone over 150 new ETFs began trading. ETFs can represent specific industries, markets, and both long and short strategies. ETFs that "track" a specific benchmark can sometimes diverge from that benchmark, however.


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