NEW YORK ( TheStreet) -- Actively managed mutual funds traditionally earned their fees by picking the most attractive stocks and bonds. But these days more portfolio managers are investing in ETFs.According to Morningstar, hundreds of mutual funds have taken the plunge. More than 130 active mutual funds own SPDR S&P 500 (SPY). Investors in the S&P 500 ETF include Columbia Dividend Income (LBSAX), Hartford Growth Opportunities (HGOAX) and AllianceBernstein Dynamic All Market (ADAAX). More than 80 funds have invested in iShares MSCI EAFE (EFA), including PIMCO Global Multi-Asset (PGMAX), Sterling Capital Strategic Allocation Equity (BCAAX) and USAA Global Opportunities (UGOFX).
Why Actively Managed Mutual Funds Are Investing in ETFs
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