Exchange traded funds have taken the financial industry by storm, experiencing phenomenal growth in the fund space. Many investors now consider ETFs as a valid replacement for traditional open-end mutual funds as strategies evolve.
On the upcoming webcast this Wednesday, ETFs vs Mutual Funds: What’s the Difference?*, Steven Vannelli, CEO and CIO of Gavekal Capital, will delve into the ETF investment vehicle and look at the potential benefits of the relatively new investment tool.
As the passive, cost-efficient and transparent ETF investment tool gains prominence over traditional actively managed mutual fund products, more investors are looking to how far ETF providers can push the boundaries of index-based strategies, which has given rise to rules-based smart beta ETFs that passively track customized indices based on actively managed styles.
For example, the Gavekal Knowledge Leaders Developed World ETF (NYSEArca: KLDW) is the first exchange traded fund based on the so-called Knowledge Effect.