FYI: The rapid growth of exchange-traded funds — which track a stock index, or some other group of assets — has fed speculation about what happens in the next big market collapse: Will ETF values still rise and fall with the companies' underlying fund? Or will investors find themselves with devalued ETFs that become tough to unload, except at a discount to the stocks their prices are supposed to be based on?
ETF assets — an industry dominated by New York-based BlackRock's iShares, Vanguard Group of Malvern, and State Street Boston Corp. — grew from under $1 trillion before the 2008-09 recession, to $5 trillion as of June, according to the ETF research and consulting group ETFGI. But new purchases slowed earlier this year to half of 2017 levels as stock market gains slipped.
Regards,
Ted
http://www2.philly.com/philly/blogs/inq-phillydeals/etfs-vanguard-blackrock-state-street-prices-hedge-fund-billions-market-panic-20181128.html
