Exchange-traded funds continued their surge in the second quarter of 2015, driven almost exclusively by the retail investment market and fee-based RIAs who can deploy low-cost solutions without affecting their revenues.
ETF assets increased in value by $265 billion over the second quarter in 2014, outpacing the $200 billion in growth in long-term mutual funds, according to Broadridge Financial Solutions, a provider of investor communications, data, and technology products for asset managers and public companies.
More than 87 percent of ETF growth for the year ending at the end of June came from retail channels. More ETF assets—$496 billion—were distributed through RIAs over the year than through any other channel.
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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.
