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The fastest growing new ETF costs more than a mutual fund

New York

OUT of more than 500 exchange-traded funds launched in the past three years, the one that has taken in the most cash charges an annual fee of 0.94 per cent.

Wait, what?  That's not a typo. The First Trust Dorsey Wright Focus 5 ETF (FV) has accumulated US$4.2 billion in

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