Fixed Income Is Dominating ETF Flows, Smart Beta And Active Are GainingMichelle Jones
Exchange-traded funds continue to play a major role in investment portfolios amid the shift toward passive investment options, but even ETFs aren't immune from liquidations and flow problems. UBS reports that although there are more than 100 issuers of ETFs, the market is still very concentrated. BlackRock, Vanguard and State Street hold an 81% share of the ETF market, leaving the others scrambling for what's left.
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