Hundreds of New ETFs Debuted This Year Even as Markets Suffered
- Investors turned to ETFs in time of market volatility: VettaFi
- But after robust year, closures may pick up in 2023: Seyffart
This article is for subscribers only.
If a crushing bear market, inflation-fueled volatility and slump in inflows was meant to cool the booming US exchange-traded fund industry, issuers never got the message.
Firms have brought 422 new ETFs to the market this year as of Wednesday, five more than the number seen at the same time in 2021. That total puts 2022 on track to surpass last year’s record for debuts, even as the Federal Reserve’s battle against soaring prices stokes turmoil across asset classes.