Date updated:05-11-2009
Grail Advisors, based in San Francisco, will forever be
known as the company that sold the first actively managed
exchange-traded fund (ETF), the Grail American Beacon Large Cap Value ETF. Its
advantages over a mutual fund are clear: The ETF is more flexible, transparent
and cheaper.
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etfc
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A. The only one I own : SLX,
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