Skip to content
Subscriber Only

BlackRock's Kapito Says ETFs Will Double in Three to Four Years

  • Calls the product "a better mousetrap" than a mutual fund
  • Says investors continue to come up with new uses for ETFs

Robert Kapito, the president of BlackRock Inc., said the market for exchange-traded funds will double over the next three or four years.

“ETFs are just a better mousetrap than a mutual fund,” Kapito said Tuesday at an investment conference sponsored by Goldman Sachs Group Inc. “Every day people are coming up with new uses for them.”