Over the past decade, ETF assets have surged substantially more quickly than the money sitting in mutual funds, data shows.
In fact, when looking at the 10 largest providers of both products, assets in ETFs have ballooned three times as quickly over the past decade as the money sitting in mutual funds, according to an Ignites analysis of data from Morningstar Direct.
Combined, the 10 shops had $12.01tn in open-end mutual fund assets as of the end of 2023 — up 114 per cent from a decade earlier, the data shows.
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