Herb Morgan has a good barometer to tell how hot the market for exchange-traded funds is getting. Just count the number of mutual funds promoters who approach him to set up a mutual fund that invests solely in ETFs, says the president of Efficient Markets Advisors.
"We're definitely hearing more about mutual funds buying into ETFs," said Morgan, whose firm manages $230 million. "Just the other day I had one of those 'fund in a box' promoters ask me to manage a mutual fund he would set up that would invest in ETFs. And that happens all the time."
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access