05.15.23
Investors Dump Mutual Funds for Equities Too, Not only ETFs
by: Emma Boyde
While exchange traded funds (ETFs) have been beneficiaries of the investor exodus from U.S. mutual funds, the largest swing in recent years has been to individual stocks, according to new research from Broadridge. For example, 57% of the discretionary investments held by millennials in 2018 was in mutual funds. By 2022 that proportion decreased to 40%. The biggest gain was felt in direct equity holdings, which rose from 19% of the average portfolio in 2018 to 33% in 2022. A similar picture emerges for baby boomers.
Read the full article on Financial Times