Earlier this year, during April, May and June, ETF Providers were busy launching new ETFs. Close to 110 new ETFs were unveiled in this three-month span. Most of the 109 ETFs have the unfortunate distinction of having been launched at the worst possible time.
The most recent ICI numbers indicate that even though ETF assets have declined, this is due to market movements and not investors yanking money out of ETFs.
It’s quite different for mutual funds. Total stock fund assets stood at $5.6 trillion as of August 31. Investors pulled $50 billion just within the first 10 days of October, according to TrimTabs.