FYI: What should be the year of the active investment manager is morphing into something surprising: ETF heaven.
Institutional stock pickers hold a record amount of exchange-traded funds and control nearly half of the ETF options market, according to research by Goldman Sachs Group Inc. The mutual and hedge funds join a growing base of investors enamored with the cheaper and passive products, which have absorbed more than $150 billion this year alone.
Regards,
Ted
https://www.bloomberg.com/news/articles/2017-03-14/trump-waiting-game-turns-a-stock-picker-s-paradise-into-etf-land
