Luckily there is still some good work being done in the traditional open-end mutual fund space outside of the Morningstars of the world.  For instance, Mutual Fund Observer, which is a successor site to FundAlarm, consistently does a good job of covering with a skeptical eye the mutual fund industry.  David Snowball does yeoman’s work in highlighting funds flying under the radar or new funds coming online.

Investing, whether it is in an open-end fund or ETF, is still investing.  Just the structure is changed.  Even ardent ETF investors can sometimes learn from how the other $12 trillion invests.

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Tadas Viskanta is the founder and editor-in-chief of the Abnormal Returns blog.