MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, December 6, 2010 iShares vs. the Rest of the ETF World Fundsters interested in the increasingly crowded ETF business may want to take a look at Reuters. On Friday Aaron Pressman penned a long special report covering the past, present and future of the ETF business. The short version is that BlackRock's iShares unit, the number one ETF provider, is fighting off attacks from both established and new ETF players. The article provides numerous interesting tidbits: when Vanguard chief investment officer Gus Sauter went to Jack Brennan (then CEO) to make the case for launching ETFs, Brennan called it "the dumbest idea [Sauter] ever had." Sauter, current Vanguard CEO Bill McNabb, Morningstar ETF research director Scott Burns, Vanguard ETF product management group chief Rick Genoni, iShares product chief Noel Archard, Schwab senior vice president Peter Crawford and several advisors all weighed in for the article. Printed from: MFWire.com/story.asp?s=35317 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |