The ETF industry, though, is gaining momentum. It took about 18 years for ETFs to reach the $1 trillion milestone, and by the looks of it, ETFs will only need four years to reach the $2 trillion marker. ETFs also pulled ahead this year, bringing in about $92 billion in new assets this year, whereas mutual funds saw $44.7 billion in outflows as of November 19.
ETFs will continue to act as a new disruptive technology on Wall Street, democratizing and simplifying access to capital markets for the average retail investor.
“They are the Uber of capital markets, pairing low(er) cost and convenience to offer a service previously associated with wealthier consumers,” Colas added.
For more information on the ETF industry, visit our current affairs category.
Max Chen contributed to this article.