WALL STREET UPSTARTS SHAKE UP ETF WORLD AS BIG THREE LOSE GROUND
https://media.zenfs.com/en/wealth_management_474/d9328c8f8935474fafee080bac843047
✍️ The article discusses the growing trend of independent traders and asset managers launching their own ETFs, despite the dominance of the industry's big three players.
👉 Launch costs for ETFs have plummeted, making it easier for new issuers to enter the market. 👉 A record wave of new issuers has entered the ETF market, with 60 new issuers entering in the past two years. 👉 The dominance of the industry's big three players is starting to crack, with BlackRock, Vanguard, and State Street drawing just 57% of investor flows this year. 👉 The industry is becoming increasingly saturated, with closures surging and the need for differentiation and distribution becoming more crucial.
-- #SofiaMassie #AthanasiosPsarofagis #GavinFilmore #finance
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