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Crashing a $5.2 Trillion Party: Debut ETF Issuers Hit Record

  • T. Rowe, BNY Mellon among companies making an entrance
  • New rules supercharge debuts as active managers dive in
Updated on

Wall Street firms are entering the world of exchange-traded funds like never before.

Despite a pandemic that’s ravaged global economies, a contentious presidential election and unprecedented stock volatility, a record 14 new issuers entered the market this year, according to data compiled by Bloomberg Intelligence. That compares with 10 entrants in 2019 and seven in 2018.