The ETF industry reached a major milestone last week. Assets in US ETFs have crossed $10 trillion for the first time, according to Bloomberg data. ETFs have increasingly taken market share from mutual funds due to the structure’s ability to offer lower costs, enhanced liquidity, and better tax efficiency.
ETFs have empowered investors to access markets in new and better ways, Cinthia Murphy, investment strategist at VettaFi, said. “This is an industry in full growth mode because ETFs are solving investor problems, and product development keeps raising the bar on what’s possible.”
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