FYI: Low-cost ETFs might be good for investors, but they aren't exactly great for their issuers' bottom line.
Bargain-price ETFs have drawn the bulk of new investment dollars, even though older, more expensive products are the ones actually making money for issuers, finds a new report by Bloomberg's Senior ETF Analyst, Eric Balchunas.
According to the report, more than 100 ETF issuers made just $7 billion in revenue from their funds last year—some $1 billion more than ETF issuers made in 2016, the last time we looked at these figures (read: "ETF Industry Revenue Challenged By Fee Wars").
Regards,
Ted
https://www.etf.com/sections/features-and-news/etf-issuers-see-7b-revenue?nopaging=1
