The U.S. exchange traded fund industry has expanded to over $1.4 trillion in assets under management. Now, some are looking to foreign financial markets to try and replicate the success story.

Vince Lowry, the CEO and founder of a Philadelphia-based RIA, plans to launch a new ETF company RevenueShares, backed by Chinese private equity, in the growing Chinese ETF market, which has gathered $38.8 billion from $12 million over the past decade, reports Kelly O’Mara for RIABiz. [China-Listed ETF Market Experiences Boom in Sector Plays]

“The ETF trend is for real, so we made a pretty big bet on it,” Lowry said in the article.

Lowry hopes that the company will capture 10% to 20% of the projected $400 billion ETF market through a first-mover advantage while operating as an RIA, or registered investment advisory firm.

RevenueShares, the ETF branch of VTL, follows revenue-weighted indexing methodologies.

Subscribe to our free daily newsletters!
Please enter your email address to subscribe to ETF Trends' newsletters featuring latest news and educational events.