These 10 New ETFs Have Rapidly Gained Assets
December 15th, 2013 at 8:00am by Tom Lydon
With a few launches week, the number of new exchange traded products that have come to market this year is nearing 150.
And is always the case with any new crop of ETFs and ETNs, some have burst out of the gate when it comes to gathering assets while cash has matriculated at a slower pace to other new funds. Translation: Only a small percentage of this year’s rookie ETFs and ETNs have reached the $100 million in assets under management mark.
This list is comprised of the 10 best new ETFs in terms of asset gathering proficiency. Emphasis on ETFs, meaning ETNs have been excluded.
Although ETNs are not featured here, “honorable mentions” are due for the Barclys ETN + FI Enhanced Global High Yield ETN (NYSEArca: FIGY) and the Barclays ETN + FI Enhanced Europe 50 ETN (NYSEArca: FEEU). Those ETNs have $1.34 billion and $977 million in assets under management, respectively. And don’t forget the Barclays ETN+ Select MLP ETN (NYSEArca: ATMP), which has over $170 million in AUM.
Here are the top-10 new ETFs when it comes asset accumulation.