ETFs Are Taking a Larger Chunk out of the S&P 500

Exchange traded funds have grown increasingly popular among investors seeking broad and cheap market exposure. ETFs have grown so big that the investment vehicles may even be able to sway broad market moves. According to Bank of America Merrill Lynch, Vanguard, the world’s second largest asset manager, holds 6.8% of the S&P 500, double the…Click to read more at