4 things to know about the fund industry’s new, opaque creation
May 28, 2015 at 11:10 AM EDT
At least 10 companies have signed up to use this new type of fund, the ETMF. Some pundits say it is the biggest fund industry innovation since ETFs in the 90s. But critics say the ETMF is like a Rube Goldberg machine or rubber nail.