Also, millennials don’t trust investment advisers.
The proposed product can invest in a wide range of securities.
The leveraged gold miner ETF had inflows of about $150 million on Thursday, April 20.
SSgA's total ETF assets dropped by $1.1 billion on Thursday, April 20.
Also, mutual funds are increasingly investing in ETFs, while Goldman warns of a possible government shutdown.
Actively managed fund will invest in technology and media companies.
The gold ETF had inflows of nearly $500 million on Wednesday, April 19.
The top ETF issuers all saw net inflows into their products on Wednesday, April 19.
Proposed ETF will target small-cap stocks with quality exposure.