A study conducted by Greenwich Associates and sponsored by BlackRock (NYSE: BLK) study shows 46% of institutional ETF investors surveyed allocate 10% or more of total assets to ETFs with 47% saying they expect to boost ETF usage over the next year.
“About 30% of institutional ETF investors report ETF allocations in the 10% to 25% range. RIAs, who are the largest users of ETFs by assets, have the largest ETF allocations with 41% of RIAs investing more than 25% of total assets in ETFs,” according to the study. [Institutions Boost Use of ETFs]
Fidelity introduced 10 of its own sector ETFs last October, all of which charge 0.12% per year, making them the least expensive sector ETFs on the market. That lineup has since swelled to over $1 billion in combined assets under management. [Fidelity ETFs Race to $1B in Assets]
ETF Trends editorial team contributed to this post.