RT Journal Article SR Electronic T1 A Comparison of ETFs and Mutual Funds JF ETFs and Indexing FD Institutional Investor Journals SP 132 OP 143 VO 2001 IS 1 A1 Matthew T. Moran YR 2001 UL http://guides.pm-research.com/content/2001/1/132.abstract AB This article examines the factors an investor faces in choosing among ETFs and mutual funds. Many taxable investors would like to choose a fund with a low expense ratio, good track record, and the potential ability in the future to provide good risk-adjusted returns after factoring in taxes and other costs. Investors who make small regular investments in a fund might prefer a no-load index fund rather than an ETF in order to avoid brokerage commissions. On the other hand, ETFs could be preferred over traditional mutual funds for investors who would like the ability to make intraday adjustments to their fund exposure with flexible investment tools such as ETFs and options on ETFs. Investors who would like to try to possibly avoid some near-term taxable capital gains distributions might also prefer ETFs over traditional mutual funds.