| NYSE Group Inc. may still be the king of exchange-traded funds among U.S. stock markets, but challengers to the throne are gaining ground. Last year, a record 23 ETFs left the company’s NYSE Arca exchange, shifting their listing to rival markets, according to data compiled by Bloomberg.
BlackRock Inc., the world’s largest asset manager, this month said it was diversifying by moving 11 iShares ETFs away from NYSE Arca, the first time it’s yanked funds from the exchange. While the vast majority of ETFs still list at NYSE Arca -- its funds amount to about 94 percent of the total market value of all U.S. ETFs -- other exchanges are making inroads as investors increasingly use the products. ..............................................Full Article: Source
|