- 81% understand how the financial markets work
- 68% love managing their investments
- 87% understand how fees impact their returns
- 89% pay attention to diversification
Could it be that the strong numbers here are a result of the many benefits ETFs have over the old school mutual funds? Namely, instant diversification, transparency, lower fees and ease of use.
Among the 84% of respondents who don’t use ETFs, there was a lower level of understanding how the financial markets work, less love for managing investments, less understanding of fees and less attention paid to diversification.
The survey affirms what we discovered when we conducted our own survey: smart people like ETFs. 42.4% of our readers have graduate degrees, and 38% possess bachelor’s degrees.
ETF Trends’ readers love ETFs, too: 55.1% have at least 25% of their portfolios dedicated to ETFs. 83.8% plan to use ETFs even more in 2008 than they currently do.