| The level of assets in exchange traded funds has surpassed those held by hedge funds for the first time, highlighting how their explosive growth has upended the global fund management industry since the financial crisis.
ETFs, including the smaller universe of exchange trade products, or ETPs, accounted for $2.971tn globally at the end of the second quarter, according to industry research group ETFGI, up $45bn since the end of March...............................................Full Article: Source
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