It is no big secret that the exchange traded fund universe is expanding, and as the industry grows, ETF providers will be hunting for the right people to help nurture this blossoming business.
On the Thomson Reuter’s Lipper quarterly performance report for mutual funds, U.S.-listed ETFs and ETNs are among the top 50 slots, growing in popularity and size as investors recognize the investment tools’ efficiency and performance, according to eFinancialCareers.
According to Morningstar data, ETFs now account for 35% to 40% of all exchange trading volumes. During August, as U.S. equities and bonds lost $34 billion in assets, ETFs tacked on $1 billion in inflows, which pushed total assets under ETFs to $1.06 trillion, globally.
With the ETF industry growing as fast it is, there is an urgent need for ETF providers to hire the necessary hands to keep up. Providers are needed to educate both retail and institutional investors on building a global, multi-asset portfolio.
Additionally, other areas will need to be filled. For instance, Charles Schwab is hiring ETF product developers, BlackRock‘s iShares division is open for marketing and research positions, Vanguard is also looking for marketers, the FlexShares provider, Northern Trust, is hiring business development executives and State Street Global Advisors wants a global head of ETF strategy.
Furthermore, Citigroup, Societe General and Invesco Powershares are also hunting for ETF specialists.