A version of this article was published in the July 2017 issue of Morningstar ETFInvestor. Download a complimentary copy of ETFInvestor here.
In May 2016, I called attention to the fact that investors had apparently fallen head over heels for low- and minimum-volatility exchange-traded funds and that valuations for these funds had grown rather ripe:
Ben Johnson, CFA does not own shares in any of the securities mentioned above. Find out about Morningstar's editorial policies.