04.01.2016 - Record number of companies launch exchange traded funds
A record number of companies entered the exchange traded fund market last year even though the vast majority of existing ETFs have failed to generate profits for fund managers. Forty-three fund companies launched ETFs, which give investors cheap exposure to markets by passively tracking an index, for the first time in 2015. These new providers have been drawn to the record-breaking growth of the ETF industry, which drew $338bn of net assets in 2014 and $319bn in the first 11 months of last year. Growing dissatisfaction with high fees in the traditional fund market has also forced more asset managers to consider adding ETFs to their existing ranges of actively managed mutual funds...............................................Full Article: Source
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