As the exchange traded fund (ETF) industry grows, it’s only going to intensify the competition for new entrants. Despite that, three providers in particular have already managed to get off to a solid start.
The ETF industry is a tough one to break into, yet three relative newcomers to the space have set up shop and by all appearances, they’ve gained a solid foothold.
Ian Salisbury for The Wall Street Journal reports that PIMCO, Charles Schwab, and ETF Securities are among those newer entrants who have managed to achieve success to a degree this past year and have promising futures in the ETF industry.
It’s not small feat. The industry’s three largest providers – BlackRock, State Street and Vanguard – have historically given some tough competition.
ETF Securities leads the way among new entrants, amassing $1.5 billion in four physically-backed metals funds. ETFS already had a big commodity ETF presence outside the United States, and stayed within its niche with its gold, silver, platinum and palladium ETFs. [ETF Securities Takes ETF Industry By Storm.]