Bank of America sees ETF market hitting $50 trillion in next decade
Passive strategies such as ETFs are benefiting as investors bail on active managers after years of underperformance.
The booming exchange-traded fund industry could become 10 times bigger in the next decade and top $50 trillion, according to Bank of America Corp.
Just to put things in perspective, that would be more than twice the current size of the U.S. economy.
Total assets for ETFs listed in the country have
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