Advisors say single-stock ETFs are more appropriate for short-term institutional traders who understand the inherent risks, not for retail clients.
An excerpt:
Vance Barse, wealth strategist and founder of Your Dedicated Fiduciary, said while these funds may be appealing to short-term traders who are qualified to understand the inherent risks, “these should be avoided like the plague for the families we serve.”
See Most Advisors Say Single-Stock ETFs Should Be ‘Avoided Like the Plague’ in Wealth Management