Barclays Global Investors managed to grow its market share in 2006, amid the proliferation of exchange traded fund (ETF) providers world wide. BGI upped its share of the market from 46.82% to 49.6% by the year end, while ETF assets climbed from $195.17 billion to $284.83 billion, reports Joe Morris of Ignites.

The Financial Times stated BGI’s biggest competitors lost ground. State Street Global Investors had a drop in market share, going from 22.19% to 17.6%. BGI kept ahead of the pack with frequent rollouts, introducing 39 ETFs over the year. More offerings are on the horizon, thanks to the deal with Indexchange, a German ETF group consisting of 79 funds with $21.46 billion in assets.

Other firms boosting market share include PowerShares, WisdomTree and Claymore.

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.