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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> Global Trends Investments

Sophisticated investors choose ETFs over mutual funds

Posted by RJ and Makay on Aug 26, 2011

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Exchange traded funds (ETFs) are attracting wealthier, younger and more engaged investors than their mutual fund counterparts, according to a new joint study by Cerulli Associates and the Investment Company Institute (ICI).  Advisors, for the most part, are not using a lot of ETFs, but investors who utilize them tend to represent the ideal advisor client.