ETF flow data are typically available on a daily basis, and their high level of institutional ownership provides clues as to the sentiment of smart-money investors, in contrast to mutual funds, which are typically more skewed toward a retail demographic.
Sanford C. Bernstein & Co. last month projected half of managed equity assets in the U.S. will be on a passive basis from January 2018, from 20 percent in 2006.
This article was provided by Bloomberg News.