73% of Financial Advisors to Accelerate Asset Allocation to ETFs in 2020, According to New Broadridge Survey
Eighty-three percent of advisors surveyed increased their asset allocations to ETFs over the past two years, and 73% say they anticipate that their allocation to ETFs will continue to increase in 2020.
- Eighty-three percent of advisors surveyed increased their asset allocations to ETFs over the past two years, and 73% say they anticipate that their allocation to ETFs will continue to increase in 2020.
- Among advisors planning to allocate more assets to ETFs, 55% plan to primarily shift assets away from actively managed equity mutual funds.
- The likelihood of an advisor shifting from actively managed funds to ETFs increases among younger financial advisors, with 64% of advisors under the age of 40 planning to make this shift.
- Thirty-six percent of advisors use ETFs primarily for core positions, although usage varies by AUM and channel.