Just a quick update on index funds and ETFs:
Seems like more and more DIY investors are continuing to pour money into ETFs / index funds.
Canadian ETF assets have increased by 29.6% in the last 5 years, to about $31 Billion.
On a global basis ETFs have increased 45% to about $1 Trillion US!
BlackRock (who owns iShares), BMO, and countless other financial institutions have also continued to expand their ETF lineup, to cash in on the DIY investor herd’s insatiable appetite for index related financial products.
This comes after a massive inflow of money in ETFs/index funds in the summer of 2009.
See original article regarding the DIY investor herd and index fund / ETF misconceptions:
Thanks & Happy Investing! — The Investment Blogger © 2010