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Kevin Quigg describes the differences between ETFs, mutual funds, and the type of person who would benefit from hedge funds.
Exchange-Traded Funds (ETF) is traded during the day, just as a single stock would be.
Mutual funds are typically bought directly through the mutual fund manager. The price is determined by the net asset value of the securities held within the fund at the end of the trading day.
Kevin Quigg describes hedge funds as different from ETFs and mutual funds as “sharp tools rather than dull instruments”. He goes on to explain that hedge funds are only available to qualified investors…those who have met certain requirements and proven themselves to be able to truly understand the amount of risk they are taking.
There are also numerous restrictions with hedge funds. Listen to Miranda’s interview with Kevin Quigg and then the discussion our roundtable has immediately following.
Our show sponsor
Today’s guest, Kevin Quigg:
Kevin Quigg is Chief Strategist for Exponential ETFs. In this role, he is responsible for expanding the footprint and awareness of Exponential ETFs proprietary strategies to allow investors to access the previously unexploited investment factor of customer satisfaction. Prior to joining SPDR ETFs, he was a Business Development Officer responsible for exchange-traded product sales for Barclays Global Investors.
Miranda Marquit | Planting Money Seeds
Linda P. Jones | Be Wealthy and Smart
John Ross | Big Picture Retirement
For a quick bio of each of our show participants, head on over to our panelists’ page.
Send us your questions for a future Listener Letters episode
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