Sector ETFs Put Heat on Select Funds

Sector-specific exchange-traded funds are a hit with investors, but they could strike a sour note for select mutual funds.

"God gave investors select funds, and it was good. But on the sixth day, he made ETFs and it was very good," quips Neal Frankle, president of financial planning firm Wealth Resources Group.

ETFs originally started as a means to track market indices, but now track everything from specific industries to currencies to commodities. Select mutual funds provide a similar focus on one market segment. ...