While other financial products and tools have sputtered over the past few years, ETFs have seen an explosive growth since their debut just over a decade ago – and are gaining an increasing foothold in the DC market, with more innovation on the horizon.
Panelists at Tuesday's Center For Due Diligence conference in Chicago offered a bit of insight into the meteoric growth of ETFs in the defined contribution market, plus their predictions for continued opportunities.
The basic truth, said Greg Porteous, head of DC Intermediary Relationships for BlackRock, is that ETFs can indeed provide a more stable solution for participant investments, though many of those future retirees still remain in the dark about the products.
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