According to @EricBalchunas, a new Charles Schwab survey of 2,000 investors shows ETFs are attracting assets from multiple funding pools, including direct indexing, highlighting broad inflow channels for the ETF wrapper (source: Eric Balchunas; Charles Schwab investor survey). @EricBalchunas added that the survey was highly optimistic, with most respondents planning to increase ETF usage, indicating a strong pipeline of demand for ETF products among retail and advised segments (source: Eric Balchunas; Charles Schwab investor survey). He also noted that while direct indexing was expected to disrupt ETFs, current responses suggest ETFs are instead pulling assets from direct indexing, reinforcing the resilience of the ETF structure in portfolio construction (source: Eric Balchunas; Charles Schwab investor survey).