ETFs & Mutual Funds
The $7.4 Trillion ETF Industry Is Littered With One-Hit Wonders
- Several firms have 40% or more of assets in only one product
- Invesco, Ark, Pimco are among those with heavy concentrations
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The $7.4 trillion ETF world is wrestling with a unique strain of concentration risk: some of the biggest issuers are reliant on a single product for the bulk of their success.
At least 28 firms — that run eight funds or more — have a minimum of 40% of their entire asset base in a single product, according to data compiled by Bloomberg Intelligence. Heavyweights including Invesco Ltd., ARK Investment Management and Pacific Investment Management Co. are among the managers with the most concentrated lineups.