MutualFundWire.com: Net YTD ETF Launches Triple In 2024

MutualFundWire.com

The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication

Tuesday, August 20, 2024

Net YTD ETF Launches Triple In 2024

2024 is on pace to be a recordbreaking year for product growth in the ETF industry, in the U.S. and around the world.

Deborah "Debbie" Fuhr
ETFGI / ETF TV
Managing Partner, Founder, Owner / Co-Founder

In the first seven months (i.e. January 1 through July 31) of this year, 363 new ETFs and ETPs launched in the U.S., the ETFGI team reveals in new data released today. That's almost 50 percent ahead of the last record of 245 for the same time period back in 2021.

Meanwhile, 104 U.S. ETFs and ETPs closed in the first seven months of 2024. (That's down about 32 percent from a record of 152 in the same period in 2023.) Thus, the industry's product lineup has net increased by 259 so far this year (nearly triple the increase of 88 in the same period last year.)

Worldwide, 1,063 new ETFs and ETPs launched in the first seven months of 2024 (which is also a new record that beat out 2021), while 314 closed. That translates into a product lineup net increase worldwide of 749 ETFs and ETPs, more than double the 336 in the same period last year.

Those 1,063 launches came from 281 providers (which translates into an average of 3.8 new ETFs and ETPs per launching firm).

Printed from: MFWire.com/story.asp?s=67803

Copyright 2024, InvestmentWires, Inc.
All Rights Reserved