Weakness in the U.S. economy and the international equity markets has begun to affect exchange traded funds (ETFs).
State Street Global Advisors report that while five new ETFs were added in the first month of the year, $37.5 billion in assets were lost. This all brings the total number of ETFs in the United States to 634 managed by 21 managers.
Total assets stand at $570 billion.
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.