Last evening's iShares by BlackRock [profile] 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, Reuters, 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.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE