Elliot Van Ness quoted in CNBC

Investors are flocking to tax-efficient ETFs


Exchange-traded funds continue to surge in popularity, thanks in no small part to their appeal among investors who need income from their portfolios.

In simplest terms, ETFs — of which there are now nearly 2,000, with $2.4 trillion under management — are investment funds that trade on stock exchanges and can be bought or sold throughout the trading day at fluctuating prices.

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