Your ETF Investments Could Be Hurting Your Portfolio Performance
Buying an ETF is a common recommendation for investors looking for diversification, but the popular investment vehicle might not be doing the job you’re expecting it to, according to one Wall Street strategist.
Michael Kantrowitz, chief investment officer and head of portfolio strategy at Piper Sandler, isn’t a big fan of owning broad indices, especially in today’s highly concentrated market.
ETFs are supposed to put investing into easy mode, especially for retail investors. Anybody can purchase a basket of securities to diversify their portfolio — just pick a theme, buy the ticker, and wait. While they’re definitely a helpful tool for investors, Kantrowitz urges caution.
“By buying an index fund today,…
