Surge in ETFs tracking Standard & Poor's indexes
Surge in ETFs tracking Standard & Poor's indexes
The total number of exchange-traded funds (ETFs) tracking the Standard & Poor's (S&P) family of indexes has leapt to 301, with 95 ETFs launched in 2010 alone.
The index provider says it saw exceptional growth last year, with 57 of the new ETFs tracking S&P indexes listed outside the US. The biggest rise was in Europe, where product providers launched 29 new ETFs linked to S&P indexes.
“What was interesting was not the sheer number of launches but the fact that it was geographically widespread,”
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