The Spectrem Group found that 28% of investors now own ETFs, compared to 16% in 2008. Among ultra high net worth investors, who have $5 million to $25 million in assets, 47% utilize ETFs. About 45% of those who count themselves knowledgeable about the various investment choices available are investing in ETFs.
Of the investors who hold ETFs, 48% are using the investment vehicle because of the low operating expenses.
Additionally, investment advisors are playing an increasingly larger role in the spread of ETF usage. 44% of those invested in ETFs did so through the recommendation of an advisor. [Advisors Continue to Contribute to ETF Industry Growth]
For more information on ETF industry, visit our current affairs category.
Max Chen contributed to this article.