“We think there are huge opportunities on the retail side and there’s continual growth on the institutional side,” Fink said.
He added the firm sees structuring ETFs on behalf of its clients as another area of growth.
ETF managed portfolios are quickly growing as advisors outsource fund portfolio services and cater to the greater demand for retirement and financial advice. [Growing Demand for ETF Managed Portfolios]
ETFs are a natural fit for fee-based advisors who charge clients a percentage of assets under management, rather than trading commissions. The model is designed to more closely align the interests of the advisor and the client.
Narly half of advisors are using outside managers to assemble ETF portfolios. [Advisors Tap ETFs for Tactical Asset Allocation]
For more information on the ETF industry, visit our current affairs category.
Max Chen contributed to this article.
