The ETF market has become one tough place to survive. Though new
offerings are prepped by different asset managers, a lot are exiting
the sphere as well.
that firms who plan to field new ETFs must prepare to
contend with the big three, namely BlackRock
Street Global Advisors
, when it comes to price as well as breadth
The big three gathered 77.6 percent of client money in the US ETF
market in 2012, according to data from Lipper.
Price cuts have been happening the past months, as asset managers such
and BlackRock try to compete with Vanguard's very low fees.
The past months has not been good to ETF managers like as
who had to shut down their ETF portfolios. Direxion Shares
also had to close some of their ETFs for failing to
According to Bruno del Ama
, Global X CEO, those that eyes to
join the ETF market must remember "it is not necessarily cheaper
exposure, or new exposure, but smarter exposure" that is needed.
Stay ahead of the news ... Sign up for our email alerts now