Wednesday, April 06, 2011

Funds: The Old Order Changeth

Investment News reports that Vanguard, after becoming No. 1 in U.S. ETF sales, now plans to offer exchange traded funds in Europe.

Data from the article:

ETFs and index funds in the U.S. have taken about a fifth of the fund market…. Their market share has risen from 8.7 percent a decade earlier, and they accounted for half of new investments in 2010.

U.S. ETFs grew 15-fold in the decade ended Dec. 31, while actively managed mutual funds increased by just two-thirds.

Individual investor sales account for as little as 10 percent of European ETF assets, compared with about 50 percent in the U.S.

Illustration via Wikimedia Commons

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