Quote:
Originally Posted by 3rd_gear_Ted
Why is my broker pushing ETF's ???
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Most (not all) ETF's are a fund that track a certain index (i.e., S&P500 or Dividend Stocks, etc..). They are passive, meaning that they go up/down based on whatever index they are mimicing. Because of this, they don't have a management team doing daily trades "trying to beat an index". I'm not sure why a broker pushes an ETF other than he is managing your total portfolio and he believes an ETF is a good way to go.
ETF's do have some level of management as someone has to execute transactions but not as much as a mutual fund.