Updated Thursday, September 3, 2015 as of 9:31 PM ET

UHNW Investors *Heart* Low-Cost ETFs

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.

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