Exchange-traded funds and similar products have grown like kudzu in recent years. If, however, two top financial experts are right, excessive trading in ETFs poses a huge danger to the stock market.
The U.S. now has more than 1,000 ETFs and other exchange-traded products. Their assets total some $1.2 trillion. Harold Bradley, former longtime head of trading at American Century funds and co-author of a study published by the Kauffman Foundation, says that about ten new ETFs launch in an average week.
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