Steinberg in a recent interview with Yahoo Finance’s Breakout said the ETF industry is poised for “trillions and trillions” in future growth.
“The ETF is to the mutual fund, what the Internet is to the newspaper,” Steinberg told Breakout. “Because of the added functionality, full transparency, greater liquidity, greater tax efficiency, those characteristics are so important for investing. That’s why I think it’s a better mouse trap.”
Earlier this year, WisdomTree sold 1 million shares of common stock, while existing shareholders unloaded 13.4 million shares. [WisdomTree Launches Stock Offering]
WisdomTree Investments
