FYI: The ETF industry continues on its record-breaking growth trajectory, but with less and less concern for the welfare of indexed investors.
At September’s end, assets in exchange-traded funds and similar financial products totaled $3.41 trillion globally, up 21.7% from a year earlier, according to research and consulting firm ETFGI LLP in London. Meanwhile, the number of ETFs and similar products grew 9.2% to 6,526 globally.
The U.S. remains the epicenter of the ETF explosion. Assets in U.S.-listed ETFs jumped 22% from September 2015 to $2.42 trillion. The number of U.S.-listed ETFs and similar products rose 8.1% to 1,932. So far this year, ETFGI says, investors have poured $152.54 billion into these funds.
Regards,
Ted
http://www.marketwatch.com/story/beware-of-exotic-new-etfs-making-big-promises-2016-10-24/print
