Filed Under:Annuities, Fixed Indexed

Millionaire investors shifting mutual fund assets to ETFs

Photo credit: Thinkstock
Photo credit: Thinkstock

U.S. stock mutual funds remains the most widely held type of mutual funds among millionaire investors, but the affluent are devoting a greater share of their investable assets to domestic exchange-traded funds, according to new research.

The report, published by Lake Forest, Ill.-based Spectrem Group LLC, shows that domestic exchange-traded funds accounted for 20 percent of mutual fund assets held by millionaire households in 2012, up 15 percent in 2008. By contrast, investable assets held by millionaires in U.S. stock mutual funds dipped to 62 percent in 2012 from 67 percent in 2008.

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Nichole Morford

Nichole Morford
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