Mutual Funds Still Dominate The Stock Market, But Here Come ETFs

by Julie Verhage and Dani Burger. –Nobody owns more U.S. stocks than mutual funds. Mutual fund ownership of equities is at its lowest level in nearly 13 years, according to a research note from Goldman Sachs Group Inc. Meanwhile, exchange-traded funds are becoming an even bigger force in the stock market, the team led by Chief U.S. Equity Strategist David Kostin…