Institutional investors are increasingly turning to exchange-traded funds for their investment needs, according to a new Greenwich Associates study.

Specifically, the study, which is sponsored by iShares, reports that a significant number of institutional investors use ETFs for manager transitions and cash equitization management. Seventy-eight percent of asset managers and 44% of pensions, foundations and endowments use ETFs for cash equitization, and 61% asset managers and 55% of institutional funds use ETFs for manager transitions.

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