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
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