NEW YORK ( TheStreet) -- Despite the growing popularity of exchanged-traded funds, Shundrawn Thomas, head of FlexShares from Northern Trust, told TheStreet's Gregg Greenberg it will not eliminate individual stock picking.It can be difficult selecting specific companies for investment, so ETFs have become a viable alternative for investors, he said. But now there is something different -- smart beta funds, which Thomas said are different from typical index funds.
Quick Take: ETFs Won't Replace Stock Pickers
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.