FYI: Exchange-traded funds are taking over. Many industry observers say that the party will continue, even if a downturn hits the stock market, and especially if a pullback hits the bond market.
U.S. ETF investing had another record year in 2017, with net flows at $463 billion, of which $330 billion went into stock funds and $119 billion into debt and fixed-income funds. Total U.S. assets under management now top $3.4 trillion, though that is still one-fifth of the total assets in long-term mutual funds (excluding money markets).
Regards,
Ted
http://www.cetusnews.com/business/What-to-Look-for-in-ETFs-in-2018.B17tLSDxEz.html
