Financial Advisors Moving Into ‘ETF Mutual Funds’
Monday, May 24th, 2010Tom Lydon submits:
Mutual funds have been touted by financial advisors as the obvious investment choice for their retail clients. But in recent years, there has been a slow and steady trickle of assets from mutual fund portfolios to individual ETFs. Financial advisors have noted the trend and came up with a combination of the two.
Low cost, tax efficiency and transparency are the top draws that ETF investors have found over mutual funds, remarks Paul Weisbruch for Minyanville. Some financial advisors are getting on board and starting to use ETFs in a mutual fund strategy as they seek out other ways to achieve benchmark-beating performances through active management.
