![Bloomberg Exchange-Traded Funds Report show](https://d3dthqtvwic6y7.cloudfront.net/podcast-covers/000/027/579/small/bloomberg-exchange-traded-funds-report.png)
Summary: July 22 (Bloomberg) -- Bloomberg analyst Eric Balchunas discusses Bernard Madoff's advice to invest in index funds to avoid fraud. Madoff is serving a 150-year sentence in a federal prison for orchestrating the biggest Ponzi scheme in U.S. history. Bloomberg Radio's Catherine Cowdery reports on Exchange Traded Funds. (Source: Bloomberg)