A flood of new exchange-traded funds are enticing many investors to move out of mutual funds and into these chic funds despite their relatively scant -- if not nonexistent -- track records. But one S&P analyst said that shouldn't stop investors from hoping on the ETF bandwagon.

Investors need not wait until an exchange-traded fund (ETF) has a long track record before buying shares, an analyst at Standard & Poor’s argues in a new report released this week.

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