Executives at Nuveen are regretting not entering the exchange traded fund market. Six years ago they were considering entering the ETF market but backed out due to doubts on profit margins, according to an article by Ian Salisbury at Dow Jones Newswires. Since then, the ETF market has profited, going from $34 billion in 2000 to almost $350 billion today. Ex-Nuveen executives have gone on to profit in the ETF world, at firms such as Powershares, Wisdom Tree and Claymore Securities.
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.