March 9, 2015 Fact of the Day: Who Prefers ETFs?
DID YOU KNOW THAT ….31 percent of wealthy households will invest in ETFs this year? This is interesting because ETFs were barely known five years ago yet they are increasingly becoming part of a standard investment portfolio.
Investopedia defines an ETF as:
A security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an exchange. ETFs experience price changes throughout the day as they are bought and sold.
While 31 percent of those with more than $5 million of net worth plan to invest in ETFs in 2015, 22 percent of Millionaires will do similarly, and 14 percent of the Mass Affluent….those with more than $100,000…will invest in ETFs.
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