The exchange traded fund (ETF) industry is buzzing with activity, as each provider wants to come out with the latest and greatest. Insiders verify money is pouring into ETFs and people are trying to capitalize on it. David Hoffman of InvestmentNews reports ETF assets rose to $433.4 billion in February, up 0.5% since January. During the 12 months ending February 28, assets jumped $110.99 billion, a 34.4% increase.
March Madness of another sort, the result has been a boom in the number of ETFs on the market. Last month, 45 ETFs launched, bringing the total to 432 managed by 15 asset managers. More than likely the industry will continue to see ETFs based on indexes that blur the boundaries of active and passive management.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. 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.