Exchange Traded Funds have been leading the charge with investor flows over the last several years, while equity and bond mutual funds have experienced significant outflows. Beyond ETFs and mutual funds, many advisors are also contemplating the role of SMAs. But what is it that is spurring this mass exodus from mutual funds? This presentation compared and contrasted ETFs, mutual funds and SMAs and attempts to provide some context around what forces are driving these trends. They discussed the benefits and limitations of each structure along with the tradeoffs for using each to build portfolios for your clients.

The views expressed in this presentation are the speaker’s own and not necessarily those of American Century Investments. This presentation is for general information only and is not intended to provide investment, tax or legal advice or recommendations for any particular situation. Clients should consult with their financial, tax or legal advisor on their own particular circumstances.

The opinions expressed are those of the speaker(s) as of the date indicated and may change based on market and other conditions. The accuracy of the content and its relevance to your (client’s) particular circumstances is not guaranteed.

Investing involves risk including possible loss of principal. Past performance is no guarantee of future results.