ETFs or POFs?

Buying the hot new thing may be great when it comes to cars, food and
clothing.  But hot, new investing products have a poor track record of living up to their promises.

Perhaps surprisingly to those who believe in them, exchange traded funds have fallen into the "great idea, poor execution" category. Well-know national columnist Chuck Jaffe writes that despite their promise, ETF's have under performed their much older cousins, plain-old mutual funds (POFs):

Chuck Jaffe, The Growing Case Against ETFs