Schwab survey finds more investors looking to embrace ETFs
- Nearly half of investors who have not yet added exchange-traded funds to their portfolios say they are likely to change their minds, according to a Schwab Asset Management survey released on Thursday.
Diversification was the main reason for investors' interest in ETFs, with 62% of investors citing it as a key factor. Meanwhile, 36% cited the low fee structure of ETFs. Schwab said only a minority of investors reacted to economic and political headwinds by taking money out of ETFs. Anxiety over a potential economic recession was the top worry for investors, the survey found. But while 23% of respondents withdrew money from ETFs on recession fears, 51% reacted to the same concern by increasing their ETF holdings.
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