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Basically, ETFs are baskets of securities that passively track stock-market indexes or financial indexes. Since ETFs mirror indexes, they don't have big management fees, nor do they generate as much trading volume (and commission costs) as actively managed mutual funds; when they do have portfolio turnover, it is...

Author: /time Magazine | Title: Exchange-Traded Funds: The Hidden Risks | 1/22/2010 | See Source »

Active ETFs would likely require higher fees than passive ETFs because the active players need to cover research and commission costs, although most experts believe the fees would still be cheaper than those charged by mutual funds. Among the currently offered active ETFs, annual fees range from a low of...

Author: /time Magazine | Title: Exchange-Traded Funds: The Hidden Risks | 1/22/2010 | See Source »

Which make it a perfect subject for an apocalyptic battle among the Justices of today's Supreme Court. Nothing revs them up like a symbolic fight over an intractable issue. Thursday's pile of opinions in Citizens United v. Federal Election Commission, striking down certain limits on corporate electioneering, found...

Author: /time Magazine | Title: Is the Campaign-Finance Ruling Good for Democracy? | 1/22/2010 | See Source »

John Lehman, a member of the 9/11 commission and Navy Secretary during the Reagan Administration, says a reluctance to cause offense by citing Hasan's view of his Muslim faith and the U.S. military's activities in Muslim countries as a possible trigger for his alleged rampage reflects a problem...

Author: /time Magazine | Title: The Fort Hood Report: Why No Mention of Islam? | 1/20/2010 | See Source »

Because several top Sunni leaders - including Saleh al-Mutlaq, head of a secular coalition that includes former Prime Minister Ayad Allawi - are among those now banned from running in the election, the move is being widely perceived by the country's Sunnis as an attempt by the Shi'ite-dominated...

Author: /time Magazine | Title: Could a Sunni Candidates Ban Imperil Iraq's Election? | 1/19/2010 | See Source »

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