Investors are spurning mutual funds at a record clip, driving a $1.5 trillion gap in the flow of money from the old-school investment vehicles and into ever-popular ETFs.
The divide this year between the two investment types widened to an all-time high, up from $950 billion in 2021, according to data compiled by Bloomberg Intelligence. The growing disparity is one measure of the speed with which ETFs are eating into the market dominance of mutual funds.
