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ETFs equivalent to driverless cars?

ETFs are passive investing vehicles that track an index or basket of securities

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Business Standard
Last Updated : Jul 26 2017 | 10:56 PM IST
It seems exchange-traded funds (ETF) are to investing what driverless-cars are to driving. Union Minister for Roads and Transport Nitin Gadkari’s recent statement that driverless cars were not for India as they would hurt job creation has led to an unusual fear among investors. Some fear the government might take a similar stand on investing by banning ETFs and robot investing to protect jobs in the fund industry. ETFs are passive investing vehicles that track an index or basket of securities without the need of a fund manager. Similarly, robot investing comprises pre-programmed algorithms that need minimal human intervention.