Market Impact – Wescott’s Perspective on ETFs
Since 1993, the Exchange Traded Fund (ETF) industry has grown to include approximately 1,100 products representing $1.1 trillion in assets. In 2007, there were approximately 430 products with $430 billion in assets. During 2011, fixed income ETFs have drawn the greatest cash flows within the ETF universe, with $16.1 billion added during the first half…