Some mutual fund firms may feel threatened by the growing popularity of ETFs, but in the eyes of distributors, ETFs do not pose a threat to mutual funds.
"We don't really see ETFs as a threat to mutual funds," said Mitchell Bell
of Pershing at
a panel at the MFWire Influencers' Summit: Redefining Distribution at the Four Seasons Hotel in Boston on Thursday. "It will take a long time for them to catch up to
"I say ETFs are helping the fund industry. Advisors selling stock in a sector are now selling ETFs in that sector. The ETF is more of a share class." Bell said.
"From our perspective, asset mangers should not worry too much," added Mark Schlafly of FSC.
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