Note: This article is courtesy of Iris.xyz
By George Guerin
By Adam Patti, CEO, IndexIQ | New York Life
When the first exchange-traded fund (ETF) launched in 1993, it was anything but clear that these funds would take off, and at first they didn’t.
By 2003, there were about 100 ETFs in the marketplace and while there were a few ETF evangelists out there singing the products’ praises, the momentum had yet to develop. Fast forward to 2016 and we now find ourselves in an environment where flows to ETFs have frequently been topping those to active mutual funds, and where investors and advisors currently have about 1,800 exchange-traded products (ETPs) to choose from.