ETF Focus: ETF inventor Nate Most dies at 90 - Financial - Financial Services - Mutual Funds: ( Link to Full Story )
BOSTON (CBS.MW) -- Nathan "Nate" Most, who invented the first U.S. exchange-traded fund and spawned a growing $190 billion industry, died Friday at the age of 90.
"'Financial services has lost a real innovator and a true gentleman,' said Tom Taggart, a managing director at BGI who worked with Most for several years. 'Besides serving as the first chairman of the iShares board, he was a positive influence on so many people. He will be missed.'"
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