ETFs have been growing at a rapid pace in recent years but they still represent less than 10% of the overall U.S. mutual fund industry. Yet at least some financial advisors think ETFs have a shot at surpassing the mutual fund business, according to a poll Tuesday.
About 43% of respondents to an Ignites.com poll said ETF assets will exceed mutual funds within the next decade.
At the end of 2011, U.S. mutual funds held $11.6 trillion in assets, according to the Investment Company Institute. ETF assets stood at about $1 trillion at the end of last year, although that figure has risen in 2012.
The U.S. marketplace is currently comprised of 1,443 exchange traded products from 51 sponsors with $1.27 trillion in total assets, according to XTF. [A Look at the Five Largest ETFs]
The results below are from the Ignites poll “Will ETF Assets Surpass Mutual Fund Assets?”