Executives from the exchange traded fund (ETF) industry are gathering in Key Biscayne, Florida today to pat themselves on the back and assess the next wave of ETF growth. Representatives from Barclays, State Street Global, Vanguard, Rydex, Deutsche Bank and Standard & Poors spoke on topics ranging from diversification to currencies to metals and oil.
Don Phillips, Managing Director at Morningstar shared lessons learned during the mutual fund boom. The consensus is that ETFs are going to continue to grow at a rapid rate for the near-term as conventional mutual funds continue to consolidate.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.