The U.S. exchange traded fund industry is closing in on $2 trillion in assets under management. As the industry keeps expanding, money managers will continue to craft new investment strategies and tap into other areas of the market, providing investors with even more options ahead.
There are now 1,667 U.S.-listed exchange traded products on the market, which include both ETFs and exchange traded notes, with $1.99 billion in assets under management, according to XTF data.
Additionally, there are still 1,111 ETFs waiting on the Securities and Exchange Commission’s approval, reports Eric Balchunas for Bloomberg.
Among the more widely anticipated launches ahead, ETF investors will want to watch for new products from prominent fixed-income money managers.
For instance, we will likely see a new bond fund based on Bill Gross’ management style, with Janus’ CEO stating that the company will put “Gross’ excellence” into an ETF. Janus has already filed for exemptive relief with the SEC to launch their own line of ETFs. Moreover, Jeffrey Gundlach of DoubleLine is also working on an ETF, the SPDR DoubleLine Total Return Tactical ETF. [State Street, Gundlach to Partner on Active ETF]
China A-Share ETFs have been a hit this year, allowing U.S. investors to directly tap into mainland Chinese equity markets, with the CSI 300 Index, a popular A-Share Index, up 48% year-to-date. Looking ahead, Deutsche Asset and Wealth Management is working on a line of A-Shares ETFs that will help investors focus on specific areas of the Chinese market through sector A-Shares ETFs. [DB Plans Expansion of China A-Shares ETFs]
Lastly, the famous Winklevoss Bitcoin ETF (COIN) is still jumping through the regulatory hoops-and-hurdles. The SEC seems to be taking its time with the first-ever virtual currency ETF, and the Winklevoss twins have assured investors that the ETF is still “alive and well.” [Winklevoss Bitcoin ETF Still Moving Through Regulatory Process]
For more information on the ETF industry, visit our current affairs category.
Max Chen contributed to this article.