MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, April 14, 2008 Are ETFs Victimized By their Own Success? Last year, it seemed as though a new ETF was coming to market every other minute. But the heady days of 2007 aren't spilling over to 2008. In Saturday's Wall Street Journal, Shefali Anand notes that there are fewer ETF launches these days compared to last year. The market turmoil has made it more difficult for firms to pitch narrowly focused ETFs to investors that have become more risk averse. Citing numbers from Morningstar, Anand wrote that the number of ETFs entering the market dropped 70 percent to 27 in the first quarter versus 94 in the first three months of last year. "The appetite for new products isn't what it used to be," Dan Dolan, a product manager at the Select Sector SPDRs, told Anand. Another factor behind the drop in the number of new ETFs is capital shortage. Printed from: MFWire.com/story.asp?s=17950 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |