Conference Notebook: On ETFs, Fund Costs and Fidelity's Cryptic Faves

CHICAGO -- The viability of ETFs was tacitly proven in Chicago Monday.

During a roundtable at the 2001 Morningstar Investment Conferrence, an audience of 600 or so financial advisers was asked if they used exchange-traded funds in building their clients' portfolios. Nearly half raised their hands.

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On ETFs, Fund Costs and Fidelity's Cryptic Faves

No Room at the Value Fund Inn for Tech

ETFs are essentially index-tracking portfolios that trade on an exchange like a stock. The benefits of ETFs are that they typically offer lower costs and greater tax-efficiency than traditional mutual funds. (For more details on ETFs, check out this primer.) ...