Your weekly update on top ETF trends
 | THU, JUL 23, 2020 | | | | | | YOUR WEEKLY UPDATE ON TOP ETF TRENDS | | | | This Monday on ETF Edge: Reggie Brown from GTS, Harry Whitton from Old Mission, and Renato Leggi from Ark Invest discuss why the ETF business keeps growing, and why ARK Invest is one of big success stories in the growing world of actively managed ETFs. That's Monday at 1:05 PM ET on ETFEdge.cnbc.com.
ETF Business keeps growing. Doug Yones, who runs the ETF business for the NYSE, notes that despite all the chaos in the markets, ETFs continued to grow in 2020. Yones reports that at the end of June there were 2,639 ETFs in the U.S. with $4.34 trillion in assets under management. Yones also notes that 2020 is "shaping up to be the year of active management." As of the end of Q2, 56 actively managed ETFs have come to market this year, which is nearly half of all launches for 2020.
More signs low cost trumps everything. Institutional investors are increasingly moving money into ETFs, but not just indexed ETFs, they are also choosing the lowest cost ETFs over other considerations like liquitidy and tighter spreads. Case in point: S&P 500 ETFs. Among the big competitors--Vanguard S&P 500 ETF (VOO), iShares Core S&P 500 ETF (IVV), and SPDR S&P 500 ETF (SPY), the biggest by far is SPY. But VOO and IVV have been attracting far more inflows. InvestmentNews believes it's because of the lower costs: SPY charges 9 basis points ($9 per $10,000 invested), VOO and IVV charge 3 basis points each. For more analysis and actionable insights, catch me live on Mondays at 1 PM ET on ETF Edge. |
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