ETFs Are Giving Mutual Funds a Run for Their Money
- Equity ownership by exchange-traded funds at an all-time high
- Stock holdings by mutual funds at the lowest level since 2004
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Nobody owns more U.S. stocks than mutual funds. But with their position slipping, the question is how much longer can they control the market?
Mutual fund ownership of equities is at its lowest level in nearly 13 years, according to a research note from Goldman Sachs Group Inc. Meanwhile, exchange-traded funds are becoming an even bigger force in the stock market, the team led by Chief U.S. Equity Strategist David Kostin pointed out.