2011-09-18 — ft.com
News that Kweku Adoboli, a director of exchange traded funds (ETFs) at UBS, was charged this week with fraud amid a £1.3bn trading scandal has raised questions over how safe the products are for private investors.
ETFs have risen in popularity in recent years, due to their lower costs and the fact they are as easy to trade as listed shares -- unlike mutual funds, which can have exit and entry charges.
However, the Financial Services Authority has already warned this year that investors may not understand the risks involved when holding these investments.
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