Partner Peter Shea Quoted in Forbes on Rise of Unique ETFs

Peter Shea, a partner in the firm's Financial Services Practice, was quoted in an article in Forbes on the growing number of exchange-traded funds (ETFs) and specifically niche funds. "You're constantly seeing new products coming out because there's a perceived demand," Mr. Shea says. "The problem is that some of these are so narrow." Over the past five years, nearly 900 ETFs have been launched, many of which are highly specialized or promise multiplied returns. "Advisors use them as tools in the toolbox," Mr. Shea says, adding, "As long as there's demand for those tools, you'll see more continuing to come out." ("The 15 Most Outrageous ETFs," May 27, 2011)