Retirement Savings Moving to ETFs

More retirement savings money is moving to ETFs according to Investment News reporter Lisa Shidler.

In the article, Investors clamor for ETFs in retirement account, Shidler cites several asset managers and investment companies who are seeing increased demand for exchange traded funds in small 401(k) plans and self-directed IRAs.

According to the article, ETFs now make up 22% of retirement assets within brokerage accounts at Charles Schwab, up from 20% on June 30, 2007.

Obstacles to wider spread adoption of ETFs in 401(k) plans include commission expense, inability to handle fractional shares and incompatibility with some software platforms.

See Pros and Cons of ETFs at ETF MarketPro for more.

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