ETFs see more growth
By Paula Aven Gladych
The amount of assets invested in exchange-traded funds has risen nearly 50 percent since last year.
According to a study by Morningstar, assets in ETFs grew 18 percent during the first half of 2013 and grew 46 since June 2012. Morningstar tracks 645 strategies from 145 firms with total assets of $80 billion as of June 2013.
An exchange-traded managed portfolio is an investment strategy that typically has more than 50 percent of portfolio assets invested in exchange-traded funds.
The increase comes from both advisory and wire-house platforms that have been looking for managed account options.
Growth also has come because ETFs offer lower-cost, broad-based investments. In addition, ETF strategists allow advisors access to institutional-type diversification and portfolio management.
Originally published on BenefitsPro.com