Traditional mutual funds and ETFs may seem like competitors in a fight to the death. In one corner, exchange-traded funds are booming with growth rates far exceeding that of open-end funds. In the other corner, the traditional mutual fund is far from dead with far more total assets than ETFs ($8.3 trillion versus $1.15 trillion in the U.S., according to Morningstar estimates).
The truth is, these two products coexist in most portfolios.
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