Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Portfolio > ETFs

NYSE Continued as Top US Exchange for ETFs in 2017

X
Your article was successfully shared with the contacts you provided.

The New York Stock Exchange’s Arca platform for exchange-traded funds held on to its position as the leading U.S. exchange for ETFs in 2017 with $2.8 trillion in assets under management, which represented 83% of the U.S. total, the exchange announced last week.

NYSE Arca attracted 149 new listings valued at a combined $5.8 billion, or 54% of all new issuances in 2017 — the 10th consecutive year it has taken the lion’s share of new listings, the announcement said. At year end, 1,498 ETFs were listed on NYSE Arca.

The new listings included Franklin Templeton’s rollout of 16 ETFs in November, the biggest single-day issuance in more than five years, according to the exchange.

In addition, 13 first-time ETF issuers came on board NYSE Arca last year, bringing the total number of issuers on the platform to about 80. The new ones:

  • Advisor Asset Management
  • Brandometry
  • Change Finance
  • ClearShares
  • EntrepreneurShares
  • Fieldstone
  • GraniteShares
  • Inspire
  • Nationwide
  • Transamerica
  • SerenityShares
  • SL Advisors
  • USAA

Last year “was another record-breaking year for ETF growth, where we saw the industry hit a new record of $3.4 trillion in assets under management, representing 35% growth over 2016,” Douglas Yones, NYSE head of exchange-traded funds, said in a statement.

The NYSE announcement also reported that the Arca platform had traded more than two times the volume of the next largest exchange in 2017, with 22% market share for all U.S. ETFs, compared with 10.7% for Nasdaq.

In addition, NYSE Arca had the narrowest quoted bid/ask spread among ETF trading venues, according to the exchange.

— Related on ThinkAdvisor:


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.