Issuance of new exchange-traded funds (ETFs) in the U.S. marketplace is on track to hit a record high in 2023, as asset managers rush to launch actively managed funds in response to rising interest rates and market volatility. As of last week, Morningstar Direct calculated that 391 new ETFs had begun trading in 2023. "We have historically observed an increase in the number of launches from our clients in the fall, as activity picks up following the summer months, and in advance of year-end," said John Hooson, managing director for ETF Product at BBH.
Issuance of new exchange-traded funds in the U.S. marketplace is on track to hit a record high
in 2023, as asset managers rush to launch actively managed funds
in response to rising interest rates. -October 30, 2023 at 11:37 am EDT
- MarketScreener
Insider's Phil Rosen explains how Binance is coming under scrutiny for its shuffling of customer funds in a way that's strikingly Sam Bankman-Fried's failed exchange.