Charles Schwab released new survey data that shows active investors are big fans of exchange traded funds.
The firm’s Active Trader Sentiment survey of individual investors who trade frequently found that 24 percent of active traders are now using ETFs as their primary investment vehicle.
Survey data were derived from responses of more than 700 active traders and investors collected in November of 2008 and January 2009. The data were analyzed by Directive Analytics and have a statistical accuracy of + or – 4.4 percent at 95 percent confidence level.