Corey Hoffstein says wider use of swaps, including swaps on ETFs, is making fund costs harder to read. As more capital-efficient ETF structures gain traction, s

Corey Hoffstein says wider use of swaps, including swaps on ETFs, is making fund costs harder to read. As more capital-efficient ETF structures gain traction, stated expense ratios may miss embedded costs on swapped exposures, clouding true investor fees.