Despite what mutual fund insiders have been saying for years, exchange traded funds are indeed a threat to mutual funds, according to a report released today from research firm Cerulli Associates Inc. of Boston.
Advisers are using ETFs in multiple ways, in both the core and satellite allocations, as well as in the active and passive slices of investors portfolios, according to the report.
Advisers who are strategic asset allocators are likely to be more interested in ETFs for their lower fees and long-term-investment themes, the report said.
The full story is available at the Investment Newss web-site.