ETFs Assets Continue to Rise

Exchange traded funds (ETFs) are getting all the attention lately but mutual funds still pull in the most money. The U.S. mutual fund industry crossed the $10 trillion line in October. In comparison ETF assets rose from $350.3 billion in September to $383.3 billion in October, a 9.4% rise. ETFs have a lot of advantages, including lower management fees and tax efficiency, immunity to market timing and late-trading abuses, reports Allison Colter of The Street.com. The mutual fund industry has proven its staying power, but ETFs continue to chip away at market share.