A NOTE FROM BOB
ETF Edge has often featured discussions of how ETFs could expand into the 401(k) space, which is currently dominated by mutual funds. While ETFs have been gaining ground in IRA accounts, they have not gained ground in the 401(k) space. The reason: aside from a few "plumbing" issues, the 401(k) business is a lucrative profit center for mutual funds and their advisors.
Greg Friedman, head of ETF management and strategy at Fidelity, noted that customers and clients are changing, and that could change the structure of retirement savings: "I think what customers are looking for in terms of their advice and solutions and strategies are changing. So I think the 401(k) market will eventually change with it."
For more analysis and actionable insights, watch me live on Mondays at 1pm ET on ETF Edge. KEY STORIES
IN CASE YOU MISSED IT
|
Selasa, 24 September 2019
ETF Edge Newsletter
Langganan:
Posting Komentar (Atom)
Tidak ada komentar:
Posting Komentar