Word: kranefuss
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...Kranefuss vividly remembers the nerve-racking launch of his exchange-traded fund IWM six years ago. As a top exec of Barclays Global Investors, Kranefuss held out big hopes for IWM, which tracks the benchmark index of small U.S. companies known as the Russell 2000. "I thought it could come out of the gate with huge trading volume, and it didn't," he says. Indeed, the fund languished for nearly four tortuous years...
...lowest levels. Barclays downplays any notion that SLV, its gold fund IAU or, for that matter, any of its 184 other ETFs might have tilted global indexes. "ETFs as a whole represent about 5% of total mutual-fund assets, so they're not going to drive markets," says Barclays' Kranefuss...
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