Who wouldn't want to invest like Warren Buffett? Advisors can give clients an opportunity to do so with ETFs that emulate the tactics of successful billionaire investors.

Some ETFs attempt to clone the funds of high profile investors by mirroring the investments listed in their 13F filings with the SEC, says Justin Carbonneau, a partner at Validea Capital Management in West Hartford, Conn., the investment advisor to the Validea Market Legends ETF (VALX).

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