Recapping a Wild Week of ETF Launches in the ETF World
Monday, December 6th, 2010Michael Johnston submits:
As the ETF industry has exploded on to the scene in recent years, the size of the product lineup has consistently grown. Many of the new funds to begin trading have been first-to-market products, highlighting impressive innovation among issuers seeking to present investors with options for accessing increasingly exotic asset classes and investment strategies. Some new ETFs have been more duplicative in nature, seeking to compete with existing offerings on the basis of cost, efficiency, or other metrics.
What was once a handful of funds focusing on plain vanilla equity indexes has blossomed to an ETP lineup with more than 1,000 ETFs, ETNs, and other variations of the exchange-traded structure. And for the last several years, this number has been growing steadily, with each week seemingly bringing a new product or two to market. But the flurry of new product launches over the last week may be a product development record for the industry. Below, we take a quick look back at one of the busiest weeks ever for the ETF industry, highlighting more than two dozen new products from seven different issuers that began trading over the last few days [for news on all new ETFs, sign up for our free ETF newsletter]:
