FYI: Truly passive index and exchange-traded funds are winning over many financial advisors. There are some holdouts among these middlemen who look after perhaps as much as $25 trillion. They are not rushing to move their clients into cheap beta-style ETFs for fear of seeing their own value diminished.
But at the same time, these fee-based advisors and their clients may want to move away from out-of-favor and expensive active mutual funds.
Regards,
Ted
https://www.fa-mag.com/news/goldman-sachs-etf-takes-aim-at-fee-based-advisors-39602.html?print
