Page 70 - Cap Equity News Today

Rarely is it a dull year in the exchange traded funds industry and 2020 was no exception. Among the many records set last year in ETF Land were closures and launches. First, the bad news. As Bloomberg analyst Eric Balchunas points out in some recent posts, as of Dec. 28, 253 ETFs closed in 2020. Thats a record and more than double the closure level seen in 2019, but that is the sign of a hyper-competitive, maturing industry. Just because an issuer builds it (an ETF) doesnt they (investors) will...