As money managers engineer more exchange traded funds, a growing number of investment ideas are falling on deaf ears. Nevertheless, this perceived correction appears to be natural, and ETF observers expect to see the industry to expand undaunted.

According to a recent Ignites poll, three quarter of respondents believe ETFs will grow in market share or at least keep its current foothold, despite a increasing number of ETF closures, reports Danielle Sottosanti for Ignites.

According to ETFGI,  a record 117 ETF closed down globally over the first half of the year.

Nevertheless, 22% of the surveyed respondents believe more ETFs will be launched and the industry will bring in more asset inflows. Meanwhile, 53% of respondents say the closures so far this year are just a sign that the market is correcting. [Survey: ETFs Will Continue to Grow Despite Recent Outflows, Closures]

“I do think there’s been a correction — a weeding out — but I see this as a good thing,” Dave Nadig, director of research at IndexUniverse, said in the article. “In the ETF industry, we’re seeing firms start to realize they need to have products in the market with real value and real distribution strategies to succeed.”

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