Fund participants are tired of the fees and a number of misinformed "victims" are looking towards a more economical, transparent, manageable and productive exchange traded fund (ETF). Both professional and individual investors are supporting the growth of these funds. Peter Way for Forbes looks into the ways professionals are protecting their own at-risk positions. Way points to 3 ETFs he is looking at now:
- Vanguard Telecom Services (VOX), up 4.3% year-to-date
- PowerShares Oil and Gas Services (PXJ), up 5.5% year-to-date
- Market Vectors Gold Mining (GDX), down 0.9% year-to-date
If you are thinking about these or any other ETF for your portfolio, make sure you know what you are buying and that it makes sense for your investment goals. It is also important to create a stop-loss plan.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.