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Boomers Flocking to ETFs: Study
Many market observers have attributed the explosive growth of exchange traded funds to Millennials and GenXers, but a new study shows that Baby Boomers are more receptive to the products than their younger counterparts. So reports ThinkAdvisor.
In the study, which was conducted by Pershing, 48% of Boomers said they were receptive to using ETFs, while only 17% of Gen Xers and 6% of millennials said they used the products.
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