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Investor Praises ETFs' Efficiency, 'Rock-Bottom Prices'

Monday, 21 May 2007 | 11:57 AM ET

Agile Investments President J.D. Steinhilber, who invests exclusively in exchange-traded funds, tried to dispel public concern about market volatility and higher stock prices seen as driven by ETFs. “I’ve always viewed ETFs as simply very efficient ways to gain asset class exposure,” he said on “Squawk on the Street.”

ETF Pros & Cons
ETFs can be an efficient tool for asset allocation, according to J.D. Steinhilber, of Agile Investing. He shares his insight with CNBC's Erin Burnett.

Steinhilber acknowledges that the most recent wave of funds has deviated from that original premise. And ETFs are spread throughout asset classes representing different stocks, bonds, and international securities.

“There is an ETF for virtually all the important asset classes, so individual investors are able to construct very robust institutional-caliber portfolios at rock-bottom prices,” Steinhilber said.

It’s a matter of which ones you choose and how you use them, he said.

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