Twenty-one years ago the Toronto Stock Exchange launched the world’s first exchange-traded fund, the Toronto 35 Index Participation Units (TIPS). The advantages that ETFs offer have since been well chronicled. Support for low-cost, passive investing is broad and includes big names such as Warren Buffett, Peter Lynch, and Charles Schwab..

Advisors Edge Report, by Mark Yamada
Feb 2011

Full text:‘Don’t ask, don’t tell’ mindset hurts ETFs

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