Word: borek
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Dates: during 2010-2019
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...their benefits, ETFs come with their own set of risks. For example, Tad Borek, an attorney and registered financial adviser in San Francisco, advises clients to avoid oil-and-gas ETFs because they track futures indexes. "You can lose a lot of money [in futures] even though the price of oil is going up," he says...
...large spread can effectively wipe out any cost advantages over mutual funds. "You might save 20 basis points [i.e., 0.2 percentage points] on the cost of the ETF, but what if you're paying 200 basis points [2 percentage points] more because of the trading spread?" asks Borek. The spread risk is exacerbated in emerging markets and specialized niches in the global markets, where data are scarce and trading is limited...