By Kim Clark
From Kiplinger’s Personal Finance
Everybody knows starting a restaurant is a risky business. But most investors may not realize that cooking up a new exchange-traded fund (ETF) recipe has a surprisingly high failure rate as well. And that can cause some unpleasant surprises for investors who’ve bought shares in funds that shut down. When funds liquidate, they distribute the cash value of their holdings to investors, potentially triggering unplanned taxable capital gains or losses.
