Around 291 exchange traded funds (ETFs) were launched last year in the United States, and captured $146 billion in net inflows. That’s up 126% from 2006.
Managed account assets hit the $1.49 trillion mark, says the Money Management Institute. ETFs made up $10.1 billion of those dollars, up from $6.8 billion in 2006, reports Darla Mercado for Investment News.
Customer demand has gone through the roof, as this was the fastest-growing managed account area. Variable product asset growth fell behind mutual funds and ETFs alike.
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.