The appetite for exchange-traded funds (ETFs) is increasing among advisers, institutions and self-directed retail investors, The Wall Street Journal reports. Innovation is expected to be seen in the fixed-income and active segments, ETF experts said at a conference. The appetite for these products has increased as ETFs have benefited from the transition of the financial advisory business model from compensation-based to fee-only or fee-based. Previously, financial advisers followed an index solution, said Anthony Rochte, head of the North American intermediary business group at State Street Global Advisors.
Click here for the story from The Wall Street Journal.