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Forbes Profiles the ETF Industry

Forbes recently published a detailed profile of the ETF industry.  Although the largest sponsors are attracting the largest net flows, the next wave of ETF issuers is on its way.   Fidelity, T. Rowe Price, Alliance Bernstein and Federated are all in various stages of obtaining SEC approval of their ETF funds.   For the established ETF providers, BlackRock had the largest new asset flows -- $60 billion across 280 iShares funds; while Vanguard grew average assets per exchange-traded product by 42%, compared to 12.4% for State Street and 4.3% for iShares.  To see the full article, click here.