More fund companies jump into ETFs
June 27, 2010 at 12:00 PM EDT
At the Morningstar investor conference a decade ago, the biggest names in the fund business talked about newfangled products called exchange-traded funds that would someday supplement the typical mutual fund. This week, the news out of Chicago was that there might soon be a day when at least half of the mutual-fund community converts its traditional funds into ETFs.