It’s well-documented that millennials and Gen Z are big on exchange traded funds. Those demographics embrace ETFs for any number of reasons, including broad market diversification, access to thematic investments, tradability, and low fees, among others.
Data suggest retirees are joining the ETF party, too, and that could be to their benefit. A recent BlackRock survey indicates 37% of investors in the 70 and up demographic own ETFs. That’s well ahead of their baby boomer (27%) and Gen X (29%) counterparts, reports Christine Benz for Morningstar.
ETFs are on a torrid pace of asset-gathering this year, and with more folks retiring by the day, those flows could accelerate as workers depart employer-sponsored retirement plans. There are other reasons why retirees are flocking to ETFs.
Continue reading at ETF Trends right here: https://www.etftrends.com/retirement-income-channel/why-retirees-gravitating-toward-etfs/