As mutual funds lose steam, exchange-traded funds (ETFs) continue to gain popularity and proportional share of retail investor assets, according to a study by Cogent Research.
The Cogent report, which is based on a survey of 4,000 investors with at least $100,000 in investable asset, says that 75% of investors owned mutual funds as of October. This is down from 78% a year earlier. In 2006, 94% of investors owned at least one mutual fund.
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