Last evening's iShares
] event held at the Kimberly Hotel in NYC, explored the promising future of ETFs, indicating that this relatively new investment strategy is more than just a fad.
In a penthouse conference room filled with reporters from various media channels including the Wall Street Journal
, Fox Business
, Dow Jones
, and the Financial Times
, Marty Beaulieu
, Daniel Gamba
, Raj Seshadri
, and Mark Wiedman
spoke passionately about the growing ETF market in the U.S.
U.S ETF assets more than doubled over the past five years, from $620 billion in 2007 to $1.5 trillion today, and the future is looking incredibly bright. BlackRock predicts that by 2017, the ETF industry will have propelled to $3.5 trillion.
The six key drivers powering the global phenomenon are growth of the advised market, growth of the self-directed market, increased institutional usage, fixed income, and new products and segments.
Following the discussion, many, many cocktails were served.
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