With Global X’s launch of a new gold mining ETF, I can’t help but notice that the wars in the industry just keep building. Sometimes it is over price, other times a tilt or nuance in how an ETF is structured versus its established peers.
To be crystal clear, this is not a knock against the product makers and the researchers who devise, construct, and maintain those passive indexes. Or the ones who have added actively managed ETFs to the marketplace, in greater numbers than ever over the past few years. The creation, development, and expansion of the ETF business is in my view, the most investor-friendly innovation of the 21st century so far.
