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Why Index Funds and ETFs Are Good for Retirees

Christine Benz (christine.benz@morningstar.com)

Millennial investors were more likely than investors in other age groups to own exchange-traded funds, according to a survey from investment provider BlackRock.  Among investors age 21 to 35, 42% said they owned ETFs in 2017, up from 33% of investors in that same age group who said they had ETFs in their portfolios the year prior. Given that ETFs are a new(er) investment innovation, it's probably not surprising that the youngest investors would embrace them. What's unexpected, however, is just how much ETFs have found a home in the portfolios of what BlackRock calls “Silver”-aged investors--people over age 70.