ETFs & Mutual Funds
New ETF Boom Defies Saturation Warnings in $7 Trillion Industry
- New launches include passive and active, bonds and commodities
- Issuers may be trying to chase the rally, says BI’s Psarofagis
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Money-management firms launched new exchange-traded funds at a rapid pace last month, shaking off fears that the $7 trillion industry is already overrun with low-cost investment vehicles.
Sixty-nine new ETFs came to market last month, one of the busiest since at least 2016, data compiled by Bloomberg show. It was also the only month since September 2021 when there were more than 50 launches.