Chart of the Day: EFTs > Stocks
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Today’s Chart of the Day shows that there are now more ETFs (Exchange Traded Funds) than stocks. (ETFs are a type of investment fund, similar to mutual funds, with some differences for another discussion, another day.)
Though the number of EFTs is growing, there are still more mutual funds, totaling over 7,000. How does the increase of EFTs benefit investors? It means more options, more competition on lower expense ratios, and finally, due diligence is going to become more important than ever.
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