The exchange traded fund (ETF) industry launched many new, narrowly focused funds this year, and the trend could continue into 2008. According to IndexUniverse, there are 445 ETFs and ETNs waiting in the pipeline for SEC registration, and if they all came to market, offerings would increase by another 67%. Some of the products awaiting have a narrow focus, such as WorldForce Leaders or Carbon Allowances and some offer exposure to exotic locales like Turkey, Israel, and India, reports Lawrence Carrel for

The anticipated growth areas include commodities, fixed-income and the first truly, actively managed ETF. The U.S. ETF market is hot, and even as foreign firms are trying to enter the U.S. market, U.S. firms are pushing into Europe. 2008 is gearing up to be a competitive and successful year for the ETF industry.

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.