The SEC has begun investigating the fast-growing industry of model ETF portfolios. While the...

|By:, SA News Editor

The SEC has begun investigating the fast-growing industry of model ETF portfolios. While the typical cost of operating expenses for ETF portfolios is about 1/6 that of a mutual fund, some industry experts worry that many investment advisors offering model portfolios aren't sophisticated enough to conduct due diligence on the underlying ETFs.