While the use of ETFs continues to surge, their low expense ratios appear to be most prized by the ultra-wealthy. Spectrem Group, a Chicago-based consulting and research firm, just reported that 28% of investors own ETFs, but 47% of ultrahigh net worth investors hold them. Those ultra-affluent investors, according to Spectrem, are worth $5 million to $25 million, not counting their main home.
All On Wall Street articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, blog discussions, the iPad App, CE Exams, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our daily or weekly e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and growth strategies.