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In the Mullooly Asset Management video for this week Tom and Brendan compare and contrast Exchange Traded Funds and mutual funds. Most people are unaware that whether they invest in either a mutual fund or an ETF it means they are investing in a basket of stocks. That is basically the only similarity between Exchange Traded Funds and mutual funds though. To make the differences between these two options perfectly clear, Tom and Brendan pull up an example of each. In the video they analyze FOCPX, the Fidelity OTC Fund, and IYW, the iShares Dow Jones Technology Sector. Exchange Traded Funds tend to have a lower expense ratio than most mutual funds, and you can also access the holdings daily. There are a lot of great tools out there to access your account holdings for ETF’s, however we recommend the All ETF tool provided by Dorsey Wright and Associates. Find out more about what separates ETF’s from mutual funds in this video.

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