ETF industry grew even amid market volatility

Exchange traded funds have fared relatively well during the financial crisis, but haven’t been immune to market volatility.
MAY 13, 2009
Exchange traded funds have fared relatively well during the financial crisis, but haven’t been immune to market volatility. At the end of last month, the global ETF industry encompassed 1,678 funds with 3,009 listings and assets of $706.87 billion from 90 providers on 43 exchanges around the world, according to a report from Barclays Global Investors in San Francisco. At the end of April 2008, the global ETF industry had 1,302 funds with 2,207 listings and assets of $805.46 billion from 79 providers on 42 exchanges around the world. For the year to date through April 30, assets in ETFs worldwide had fallen by 0.5%. But the number of ETFs increased by 5.6% with 109 new funds launched. There are plans to launch 756 new ETFs, according to the report. Globally, the iShares ETF group distributed by Barclays is the largest provider in terms of both number of products with 381 funds and assets of $336.17 billion, reflecting a 47.6% market share. Coming in second was State Street Global Advisors of Boston with 104 products and assets of $110.14 billion, reflecting 15.6% of the market. In third place was The Vanguard Group Inc. of Malvern, Pa., with 39 products and assets of $51.04 billion and a 7.2% market share.

Latest News

Research highlights growing need for personalized retirement solutions as investors age
Research highlights growing need for personalized retirement solutions as investors age

New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.

Advisor moves: RIA Farther hails Q2 recruiting record, Raymond James nabs $300M team from Edward Jones
Advisor moves: RIA Farther hails Q2 recruiting record, Raymond James nabs $300M team from Edward Jones

With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.

Insured Retirement Institute urges Labor Department to retain annuity safe harbor
Insured Retirement Institute urges Labor Department to retain annuity safe harbor

A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.

LPL Financial sticking to its guns with retaining 90% of Commonwealth's financial advisors
LPL Financial sticking to its guns with retaining 90% of Commonwealth's financial advisors

"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.

Mercer Advisors expands in Florida with $1.2B AUM next-gen team
Mercer Advisors expands in Florida with $1.2B AUM next-gen team

It's the mega-RIA firm's third $1B+ acquisition in just three months.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.