The ETF industry suffered through market volatility along with the mutual fund industry in February.
According to a State Street Global Advsiors' Monthly ETF Snapshot
, U.S. ETF assets declined by $12.9 billion to $557 billion. Also, the number of ETFs liquidated was higher than the number put on the market. Eleven funds were liquidated while ten were added.
One new player did enter the market in February. Manhattanville, NY-based Greenhaven Associates
launched its first ETF. The ETF currently has $32 million in AUM, already making it larger than four of the other 22 players in the space.
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