Tom Leswing at Ignites reported today what many in the ETF world knew was coming…
"ETFs held approximately $226 billion in assets at the end of last year, said Chip Roame, a managing director with Tiburon Strategic Advisors, speaking at the conference. In comparison, index-based mutual funds held $505 billion in assets.
ETFs, which are index-based products, captured roughly $57 billion last year. The amount equals 60% of the total inflows into ETFs and index mutual funds combined. At that rate, ETF assets will surpass assets in index mutual funds in three to four years, Roame says."
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