Additionally, Cerulli found that 68% of ETF strategists expect their growth to outpace that of the wider market.
“The ETF strategist space is still very much in the early stages of growth,” Cerulli said. “A few large firms, including Innealta Capital and RiverFront Investments Group, are drawing most of the assets and attention from advisors and platforms.”
ETFs had $1.5 trillion in assets under management as of July 2013, compared to $10.2 trillion for mutual funds. ETF assets increased 6.6% in July month-over-month, whereas mutual fund asset growth increased 2.6%. [The ETF Industry Is Gaining More Converts]
For more information on the ETF industry, visit our current affairs category.
Max Chen contributed to this article.