Exchange-traded fund (ETF) providers in the US are closing funds as dominant leaders increase their market share. Both Russell Investments and FocusShares have announced the closure of their ETF families this month, totalling 40 funds and about $410 million in assets under management (AUM) between them.
"This shows just how competitive the US market is, given the high concentration of assets," says a London-based ETF professional.
While ETF assets are still rising, the main providers continue to
The week on Risk.net, July 7-13, 2018Receive this by email