A majority (51%) of investors have replaced active mutual funds with ETFs in their portfolios, citing liquidity and total cost of ownership as the most important criteria when selecting the passive products, according to the inaugural TrackInsight Global ETF survey.
A further 82% use exchange-traded funds, which celebrate their 20th anniversary in Europe this year, to replace direct investing in equities, but 87% of respondents said they have never used ETFs t...
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