| Assets in ETF managed portfolios remained flat in the second quarter, according to a new report. But a dive beneath that bland finding reveals a more interesting nugget about this fast-growing subindustry: Investor dollars are increasingly concentrated in the hands of a select few firms.
The 10 biggest asset managers in the ETF space hold roughly 75% of industry assets compared with 67% a year ago, says Morningstar's second-quarter study on the ETF managed portfolio marketplace, released Friday. Overall, their portfolio strategies held $102 billion in assets, up 28% from $80 billion in the year-earlier quarter...............................................Full Article: Source
|