Oct
25

The Fastest-Growing New ETF Costs More Than a Mutual Fund

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Out of more than 500 exchange-traded funds launched in the past three years, the one that has taken in the most cash charges an annual fee of 0.94 percent.

Wait, what?

That’s not a typo. The First Trust Dorsey Wright Focus 5 ETF (FV) has accumulated $4.2 billion in assets in a little more than a year and a half, taking in money every month. That’s despite having a fee that is far higher than even the asset-weighted average mutual fund fee of 0.66 percent…

The Fastest-Growing New ETF Costs More Than a Mutual Fund

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