NEW YORK (TheStreet) -- Generally speaking, I don't like contradictions. They get under my skin.That's why I get uncomfortable when financial professionals start prattling on about actively managed ETFs. "The best of both worlds" is a commonly cited advantage. To my way of thinking, it's the worst of both worlds: That is, higher costs and, as far as I can tell, inferior performance. I noted with some degree of sinister appreciation that the
In fact, provoking mental paralysis among investors would be among the better outcomes because it assumes an understanding of the differences between active and passive ETFs. In truth, these differences are not so easy to understand, and they represent another example of conventional Wall Street offering customers overly complex products that ultimately cost them more. There are a lot of things in life you simply can't avoid. Then there are the things you can absolutely avoid. Actively managed ETFs are among them. This article was written by an independent contributor, separate from TheStreet's regular news coverage.