Mutual Fund Conversions Hit Record in ETF Industry’s Epic Year

What You Need To Know

• As demand for the ETF structure gains traction, 55 funds make the conversion — more than triple from 2021.
• ETFs assets in the U.S. hit nearly $11 trillion this year.
• BofA strategists foresee about 400 mutual funds with over $325 billion in total assets ripe for ETF conversions.