Savings & Retirement
Mutual Funds Bleed $469 Billion as ETFs Triumph in Zero-Sum 2020
- ETFs attract $427 billion as mutual funds see record outflows
- Well-timed regulations, Fed ETF buying help accelerate shift
This article is for subscribers only.
The arms race between mutual funds and their exchange-traded brethren turned into a beat-down in 2020.
Roughly $427 billion has poured into U.S. exchange-traded funds this year, divided almost evenly between equity and fixed-income funds, according to Bloomberg Intelligence data. Meanwhile, mutual funds have bled roughly $469 billion of assets in 2020, on track for the worst year on record in Investment Company Institute data going back to 1990.