Exchange-traded funds are so hot that even mutual funds are buying them.According to Morningstar, there are currently 23 funds that invest the majority of their assets in ETFs, which are portfolios of securities that trade throughout the day on an exchange. Most have been launched in the past 12 months. Eight are listed as target-date funds, which automatically rebalance into a more conservative mix of investments as investors approach retirement age. But all of them employ some kind of asset allocation strategy.
Funds of ETFs Can Work for You
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