ETFs Go After Hedge Funds

New exchange-traded funds sell short, invest in foreign currencies and engage in other esoteric strategies.

From Kiplinger’s Personal Finance:

It was only a matter of time. Exchange-traded funds, which offer products for almost every conceivable investment niche, are now competing with hedge funds. This could be welcome news if you don’t have the big bucks normally required to invest in hedge funds and don’t want to pay their outrageous fees.

Read more here.