PT  - JOURNAL ARTICLE
AU  - Robert J. Waid
TI  - The ETF Free Lunch
DP  - 2008 Sep 21
TA  - ETFs and Indexing
PG  - 55--57
VI  - 2008
IP  - 1
4099  - http://guides.pm-research.com/content/2008/1/55.short
4100  - http://guides.pm-research.com/content/2008/1/55.full
AB  - One promoted advantage of Exchange Traded Funds (ETFs) versus mutual funds is the ability to short the ETF. What is not advertised is that the management fees of the ETF are included in the performance of the short, creating a tailwind for performance as opposed to selling a future or shorting the holdings directly.