The U.S. exchange traded fund industry is closing in on $2 trillion in assets under management. As the industry keeps expanding, money managers will continue to craft new investment strategies and tap into other areas of the market, providing investors with even more options ahead.
There are now 1,667 U.S.-listed exchange traded products on the market, which include both ETFs and exchange traded notes, with $1.99 billion in assets under management, according to XTF data.
Additionally, there are still 1,111 ETFs waiting on the Securities and Exchange Commission’s approval, reports Eric Balchunas for Bloomberg.
Among the more widely anticipated launches ahead, ETF investors will want to watch for new products from prominent fixed-income money managers.
For instance, we will likely see a new bond fund based on Bill Gross’ management style, with Janus’ CEO stating that the company will put “Gross’ excellence” into an ETF. Janus has already filed for exemptive relief with the SEC to launch their own line of ETFs. Moreover, Jeffrey Gundlach of DoubleLine is also working on an ETF, the SPDR DoubleLine Total Return Tactical ETF. [State Street, Gundlach to Partner on Active ETF]