Jack Lew: In ETFs He Trusts?

Jacob "Jack" Lew, U.S. treasury secretary. Photograph by0xA0Andrew Harrer/Bloomberg

Jack Lew isn’t your average baby boomer. There's that Treasury Secretary thing, for starters. What may be even more impressive than his resume, though, is his portfolio of low cost, index-tracking exchange-traded funds. Unlike the vast majority of baby boomers, who don’t use ETFs at all, Lew is saving himself thousands of dollars per year in fees and beating a solid two-thirds of active mutual fund managers.

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