67% of financial advisors polled in a recent survey cite ETFs as the most innovative investment product in 20 years and most are moving their clients into Exchange Traded Funds.
Advisors cited low cost, liquidity and intraday trading as favorable characteristics of ETFs. Tax efficiency and investment style purity were also noted as positives.
The study of was released this week by Wharton and State Street. Financial advisors can view the entire study at State Street’s SPDR University website.