In Asia ETFs were stimulated by the successful launch of the region's first, the Tracker Fund of Hong Kong (Trakhk), in November 1999.
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"The tracker fund kicked it all off in Asia, " says Ho.
FORBES: Can the exchange-traded fund replace the mutual fund?
Richard Wastcoat, its managing director in Britain, does not disguise his hope that investors enticed into equities through his tracker fund will come to invest in active funds as well.
In this category Scott Berry of Morningstar, the Chicago-based fund tracker, likes the Eaton Vance fund, which currently yields 2.7%.
According to fund tracker Morningstar , the average domestic stock fund has embedded losses worth 40% of fund assets.
This past week, U.S. stock funds posted their biggest inflows in a decade, according to fund tracker EPFR Global.
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Once morningstar.com's premium fund selector spits out the funds from our screen, we drop them into fund tracker Morningstar's portfolio function.
The attitude of the SEC and the industry is that more extensive disclosure "would only confuse people, " says Russel Kinnel , director of fund analysis at fund tracker Morningstar .
"Sunlight has clearly had a big influence, and Vanguard is the one company everyone thought was probably doing a good job, " says Donald Phillips, managing director of fund tracker Morningstar.
"If you wanted to get out on that day, you could only do it at a discount to net asset value, " says Sonya Morris, an analyst with fund tracker Morningstar.
The first three follow a more rigid computer-screen approach to picking stocks than does Marker, who is often more patient because he can rely on his gut, says Todd Trubey, an analyst at fund tracker Morningstar.
Fund-tracker Lipper Inc. reports that over the last two weeks U.S. stock mutual funds experienced the highest two-week inflow of new money since April, 2000.
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