As exchange traded funds (ETFs) have proliferated, it has become common to build entire portfolios around them. Investors are picking them up as they are cheaper than mutual funds and have tax advantages. Eleanor Laise of The Wall Street Journal says advocates of ETF-only portfolios are getting a boost from a recent push to issue more bond ETFs, where previously there were few, and many financial advisors are specializing in assembling ETF portfolios.

Six years ago our money management firm, Global Trends Investments, used predominantly actively managed mutual funds in managing our client portfolios. Today we are almost 100% invested in ETFs. Times have changed and definitely for the better.

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