Exchange-traded funds (ETFs) continue to grow dramatically, and the types of ETFs are expanding to mirror mutual funds and nearly every structure set. Having launched ETFs in early 2018, American Century Investments has laid the groundwork for a sustained presence in the ETF marketplace. In this exclusive video interview from the show floor of the 2019 Morningstar Investment Conference, American Century Investment's Ed Rosenberg, Senior Vice President, Head of Exchange Traded Funds, discusses:
- The importance of the expense ratio of an ETF;
- How an investor should think about the SEC's recent approval of a nontransparent active ETF; and
- The future of ETFs place in investing.
Exchange Traded Funds (ETF) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.
Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results.
