Are All ETFs Derivatives?

Clue: 'Anything based on the value of something else.'

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Reviewed by: Dave Nadig
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Edited by: Dave Nadig

 

 

Prior to becoming chief investment officer and director of research at ETF Trends, Dave Nadig was managing director of etf.com. Previously, he was director of ETFs at FactSet Research Systems. Before that, as managing director at BGI, Nadig helped design some of the first ETFs. As co-founder of Cerulli Associates, he conducted some of the earliest research on fee-only financial advisors and the rise of indexing.