Burdensome regulation costs and the prospect of potentially even more scrutiny continues to frustrate asset managers, but new management strategies and the continued growth of ETFs have proven to be bright spots for the industry.

While still miniscule in comparison to mutual funds for overall market share, ETFs have rapidly become the go-to investment vehicle for even institutional investors. A recent survey from the Financial Planning Association, found advisors are now recommending ETFs above mutual funds - nearly 81% of all advisors in the survey say they either used or recommended ETFs to their clients, versus 78% that did the same for mutual funds.

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