Oct
25
The Fastest-Growing New ETF Costs More Than a Mutual Fund
ByOut of more than 500 exchange-traded funds launched in the past three years, the one that has taken in the most cash charges an annual fee of 0.94 percent.
Wait, what?
That’s not a typo. The First Trust Dorsey Wright Focus 5 ETF (FV) has accumulated $4.2 billion in assets in a little more than a year and a half, taking in money every month. That’s despite having a fee that is far higher than even the asset-weighted average mutual fund fee of 0.66 percent…
The Fastest-Growing New ETF Costs More Than a Mutual Fund
