Revised Model Fund Portfolio: Combining Mutual Funds and ETFs
In the August 2006 AAII Journal, we began a Model ETF Portfolio.
We indicated that it was an experimental portfolio meant for the examination of exchange-traded funds, which were quite new at the time. While ETFs are still relatively new—few have a 10-year history—we feel we can make some judgments and integrate ETFs into an overall fund portfolio.
While it is handy to keep traditional mutual funds, ETFs and closed-end funds separate when listing them or reporting on them, an effective fund portfolio should combine them to take advantage of the strengths of each. That is exactly what we have done by making major changes to our Model Fund Portfolio.
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