A survey by Charles Schwab Institutional confirmed it: financial advisors are digging exchange traded funds (ETFs).
The survey asked 1,006 independent investment advisors, "Which types of investments do you plan to put more of your clients’ money into during the next six months?"
The top choices were:
- ETFs: 36%
- Mutual funds with hedging strategies: 14%
- Real estate investment trusts: 12%
- Separately managed accounts: 11%
After two months of lost assets in ETFs, March saw them slowly making a turnaround. Will it continue? It just might, if those advisors keep sending out the good vibes.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.