The AAII Denver Chapter presents...
"ETFs: A Trillion-Dollar Asset Class for Your Use"
The world of exchange-traded funds (ETFs) has expanded to over 1,100 individual offerings with more than $1 trillion in assets. Newer types of ETFs include exchange-traded notes (ETNs) as well as leveraged and reverse portfolios—and instruments representing not only stock and bond indexes but also currencies and commodities. At the more traditional end of the ETF spectrum are such basic index portfolios as SPY for the S&P 500. ETFs can be used for investment and trading, and one can buy as well as sell short. Many have listed options available. Learn the ins and outs of ETFs, including issues such as liquidity and tracking. Paul Townsend will update us on the huge growth of ETFs and discuss the ETF strategies he uses in managing client accounts. A major point of emphasis will be his discipline rules designed to cut losses and let gains run. Assets in (low-cost) ETFs have been expanding in recent years, while traditional mutual funds have seen money flowing out even while the market has risen 90% from its March 2009 lows. Why not bring a friend or relative to show them AAII’s benefits by attending this important event?
Associate Vice President and Investment Officer, Wells Fargo Advisors LLC
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