More Shocking Numbers

As I stated earlier, John Bogle believes that about 75% of all of ETF shares are held by institutions and are thus actively traded. In partial support of this, he points out that in 2012; the total trading volume in ETF’s on American exchanges was in excess of $18 trillion. Yes, the dollar amount of ETF’s traded exceeds our National Debt. Using this and some additional statistics, Bogle has come to the conclusion that of the 25% of ETS that are held by individuals, 2/3 of these investors have...