FYI: It’s a claim that has been hotly disputed, but which is being more fiercely debated by the day: ETFs have gotten too big for their own good, making them an unappreciated risk in the event of a market decline.
The rise of exchange-traded funds into a multi-trillion-dollar segment of the global financial system is one of the most consequential economic developments of the past 30 years. For the most part, analysts have praised the investment vehicle, which give investors the ability to make intraday bets on baskets of securities. They’ve been credited with driving fees lower and giving investors greater flexibility and tax efficiency. Such attributes have fueled their growth—from $1 trillion in global assets in 2009 to more than $4.4 trillion today, according to research firm ETFGI.
Regards,
Ted
https://www.marketwatch.com/story/fears-grow-that-popularity-of-etfs-is-a-ticking-time-bomb-2017-11-16/print
