Barclays & AMEX respond to ETF criticism
From Wall Street Journal
Is the fact that quoted prices of exchange-traded may differ from their net asset value a "hidden risk." Mercer Bullard, former chief counsel of the Division of Investment Management at the Securities and Exchange Commission, and the Consumer Federation of America think so according to the paper. The risk is that investors are unaware when they are buying at a premium to the NAV and selling at a discount. Barclays has addressed these concerns by agreeing to post additional disclosures at ite ishares.com Web site. The American Exchange responded by removing one paragraph from its Web site that Bullard had criticized for playing down the risk.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE