Anthony Scaramucci Calls Mutual Funds a ‘Relic’ for the ‘Museum of Natural History,’ Says ETFs Are the Future
SkyBridge Capital founder Anthony Scaramucci said mutual funds are a dying relic, with ETFs now taking their place.
A money expert thinks mutual funds (older baskets of stocks people invest in) are becoming outdated, and ETFs (newer, faster baskets of stocks) are taking over. When you see companies that run mutual funds, watch if they're moving their business toward ETFs, which might mean they're trying to stay ahead of changes.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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