The rise of America's hottest investment product is shaking up Wall Street trading
From Money Game: ETFs
January 10, 2017 - 1:11pm
There isn't much left to say about the explosive growth of exchange-traded funds that hasn't been said already.
These funds, which simply track an index, have hoovered up assets at a high rate over the past decade. US-listed ETFs saw $283 billion in net inflows during 2016, taking aggregate assets under management to $2.5 trillion, according to Citigroup.
They are expected to benefit from the Department of Labor's fiduciary rule, and it has been said that they could make up 60\% of investments in the US in the next decade, up from 15\% now. Mutu
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