Financial Planners Aren't Sold on Active ETFs

Active management is a hot topic in the exchange-traded funds industry.

But most of the enthusiasm at a conference sponsored by Index Publications and Financial Advisor Magazine last week was on the part of potential issuers.

A survey of financial planners who attended the event in Palm Beach Gardens, Fla., indicates actively managed ETFs may be a product in search of a market.

ETFs are portfolios of securities that trade throughout the day on an exchange like stocks. They are known for their low costs, tax efficiency and transparency. ...