Vanguard’s Gus Sauter calls for responsible ETF innovation
Jan 31st, 2012 | By Simon Smith, CFADuring a speech at the recent IndexUniverse “Inside ETFs” conference, Vanguard Chief Investment Officer Gus Sauter said that the ETF industry has been characterised by “growth and innovation” which has largely been good news.
However, Sauter noted that ETFs have been blamed for a wide range of problems and, though fully rebutting the criticism, he challenged the ETF industry to be responsible in developing new products and called for greater efforts to educate investors.