The Kauffman Foundation released a 60-page hatchet job on ETFs, alleging that they (and not the underlying stocks) set the prices of small caps, discouraging small companies from listing in the U.S. and creating systemic risk of market instability. But the report "reflects a serious misunderstanding of how ETFs work," says Dave Nadig.
The Kauffman Foundation released a 60-page hatchet job on ETFs, alleging that they (and not the...
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