With an average of 2.4 mutual funds and ETFs created each day this year, Chuck Jaffe gives five...

|By:, SA News Editor

With an average of 2.4 mutual funds and ETFs created each day this year, Chuck Jaffe gives five reasons to buy such funds and five not to. The pros include: "New means small and nimble," and "It lowers your costs." The cons include: "There’s no track record," and "It may not be around long."