ETFs do provide safety, diversification and an enviable track record. However, besides cost and diversification, investors have to be careful as to exactly what asset classes and strategies the ETF represents
William Gamble
One of the world’s most celebrated investors doesn\'t seem all that optimistic about the long-term prospects for his own fund. It was recently revealed that Warren Buffett’s estate plan recommends that 90% of his wealth should be invested in the Vanguard 500 Index Fund, an exchange-traded fund (ETF). What does he know that we don’t?