The global exchange traded products industry recently celebrated another milestone, that being reaching $3 trillion in combined assets under management at the end of May. Goldman Sachs sees that figure doubling and doing so by 2020. [ETFs: $3 Trillion is Nice, but $6 Trillion is Better]
That is good news for an ETF like KCE, which devotes almost 11% of its weight to BlackRock (NYSE: BLK), State Street (NYSE: STT), Invesco (NYSE: IVZ), parent company of PowerShares, and WisdomTree (NasdaqGS: WETF). Those are four of the five largest U.S. ETF sponsors.
KCE also holds Janus Capital (NYSE: JNS), Bank of New York Mellon (NYSE: BNY), Northern Trust (NasdaqGM: NTRS) and Schwab, all of which have significant ETF exposure.
SPDR S&P Capital Markets ETF
Chart Courtesy: Captain John Charts