Bogle avisa: Todos los ETFs no son buenos
En esta entrevista de la CNBC a John Bogle, el fundador de vanguard avisa de la existencia de ETFs que por su mala gestión para replicar índices complejos y por sus elevados costes, llegan incluso a distanciarse un 30% en cinco años del índice al que siguen.
Recomienda ETFs simples, que siguen a índices simples, y pone de ejemplo el S&P500.
Aquí os dejo el artículo que publican y su link (http://www.cnbc.com/id/40703386):
ETFs (exchange-traded funds) may be one of the greatest marketing tools of the 21st century, but, perhaps, not the best investing tool, founder and former CEO of Vanguard, John Bogle, told CNBC Thursday.
Bogle said among the pitfalls are that ETFs “turn over at a fantastic rate and they reflect the public appetite for performance chasing.”
When Vanguard tracked the returns on 175 ETFs recently, said Bogle, it found investors fell about six percent short per year of the actual index the ETFs were designed to track—adding up to a 30 percent gap over five years.
Bogle did say he's a fan of some ETFs, specifically total market ETFs that cover the S&P 500 Index [SPX 1242.87 --- UNCH (0) ]. “There probably aren’t many investments that are better,” he added.
Bogle, of course, likes index funds, which are a large part of Vanguard's mutual fund business. A report by Morningstar this week said investors pulled $1 billion from various Vanguard funds in November and net inflows to all mutual funds dropped significantly from the previous month.
Responding to Thursday’s insider trading arrests, Bogle had this to say: “The system in many respects is of greed on Wall Street and in the whole financial sector. It’s pretty pervasive, not wholly pervasive, but it’s all over the place there. It’s one more example of greed taking over, transiting at the very edges of legality.”