FYI: Chances are you’ve never heard of First Trust, or its billionaire boss James Allen Bowen — which is a shame. The sixth largest ETF provider in the United States, with $72 billion in its ETFs, First Trust has done a lot to shape the global industry.
It was one of the first ETF providers to offer smart beta funds. It reinvented commodity ETFs. It was one of the first providers, if not the first, to push thematic ETFs. It houses the world’s best performing ETF the past 10 years: FDN, which has delivered an incredible annualised average return of 22%.
Regards,
Ted
https://www.etfstream.com/feature/8117_etf-insight-is-jim-bowen-the-richest-man-in-the-etf-industry/
