By Nick Ravo
Over the past decade, many experts have predicted that the open-end mutual-fund industry would crumble, an inevitable victim of exchange-traded funds (ETFs). Despite the surging popularity of ETFs, mutual funds are expected to remain a force with $19.93 trillion in assets under management as of August 31, 2019.
While mutual funds are far from death, the pressure on them is likely to increase as baby boomers age and spend down their assets in retirement, comments Matthew C. Lui, vice president of investment research at Canterbury Consulting. He notes that the baby boomers, who now range from about 55 to 75 years old, are more invested than younger generations in mutual funds.
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