October 18, 2012
--- The Investment Company Institute (ICI) and
exchange-traded fund (ETF) firms developed a website to answer questions
investors have before they invest in ETFs. ---
The site, www.UnderstandETFs.org,
contains educational resources for ETF investors, including a Q&A designed
to help investors better understand the basics of ETF investing, as well as
links to additional ETF resources.
The combined
assets of the nation’s ETFs were $1.2 trillion in August 2012 and represent a
growing category of funds in the U.S. and abroad, ICI said. “Independent
studies continue to show ETF usage is on the rise as more investors experience
their many advantages, so we are pleased to join industry providers and ICI in
launching this comprehensive investor education program,” commented Ben Fulton,
managing director of Global ETFs for Invesco PowerShares.
“Today’s
investors are looking for new ways to build better portfolios and they are
increasingly turning to ETFs,” said Michael L. Sapir, chief executive officer
of ProShare Advisors LLC. “Our ability to come together as an industry to offer
them educational resources is timely and important. All of us have a stake in
ensuring investors have the knowledge and know-how they need to invest in ETFs
with confidence to achieve their financial goals.”
Kristen Heinzinger