News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

ETFs

Caveat emptor: Check the construction of ETFs first

The dream that an ETF will live up to its billing will always depend on how the underlying stocks behave

Caveat emptor: Check the construction of ETFs first

The recording studios in Nashville, Tennessee are home to country music and more besides. If you are patient, say its publicists, you might even spot Keith Urban or Justin Timberlake in the coffee queue at the local Starbucks.

Since 2013, Nashville has another claim to fame, in the shape of its very own exchange-traded fund. It is called the Nashville Area ETF and it tracks the share price of local businesses, weighted for size.

WSJ Logo