Last quarter, something monumental happened in the Exchange Traded Fund retail market.
For the first time, growth in ETF assets sold through retail channels surpassed that of long-term mutual funds, according to data from Broadridge Financial Solutions, a provider of investor communications, data and technology products for asset managers and public companies.
ETF assets grew $267 billion over the past year, compared to $255 billion in mutual funds.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
