Why European ETFs?
Friday, May 28th, 2010
Roger Nusbaum submits:
Early in the day yesterday Matt Hougan from IndexUniverse and Paul Justice from Morningstar were on CNBC to talk about ETFs that invest in Europe. Simon Hobbs seemed to ask most of the questions and apparently was feeling feisty. Matt seemed to favor Germany and the Nordics (I am a big fan of the Nordics myself) and (sarcasm alert) shockingly Paul went as broad as possible.
Then Simon asked "what’s the matter with stock picking, why does anyone need an ETF, why not just buy a stock?" Then he asked if this line of questioning was heresy. Matt noted that many investors are not very comfortable picking stocks, which is true, and he also made a similar argument as I make for country selection, which ETFs allow for.
