Embracing the index trackers
By Judith Rehak International Herald Tribune Thursday, November 11, 2004
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A new ETF that made headlines last month is the iShares FTSE/Xinhua China 25 fund, which tracks 25 companies listed in China and Hong Kong. A criticism is that, in an already risky market, its concentrated portfolio makes it more so. Still, it offers easy access to China with a fund that boasts an annual charge of only 0.75 percent versus 2 percent or more for most China funds.
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Meanwhile, a few money managers are coming up with ways to hold down the costs of ETFs. Steinhilber recommends portfolios for independent investors, but will also manage a $100,000 to $249,999 portfolio for an annual fee of 0.8 percent. Ameritrade, an online brokerage, offers an account where investors can buy and sell ETFs at lower cost. A U.S. pension plan provider, Invest n Retire, has incorporated four ETFs into its portfolio at a lower cost.
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