'The current growth rate points to ETF assets approaching $50tn over the next decade,' the analyst said.
Total ETF assets have been growing at a "fairly consistent" annual rate of 25% from $770 billion 10 years ago, Bank of America said.
Since the inception of the first ETF — the S&P 500 SPDR — in 1993, the U.S. market has grown rapidly to a $4.3 trillion juggernaut.It may have been quite the decade for the U.S. exchange-traded fund market, but the next one could see its assets surge tenfold to $50 trillion, Bank of America predicted.
Money has flooded into ETFs during this record-long bull market, while active strategies have suffered. Since the inception of the first ETF — the S&P 500 SPDR — in 1993, the U.S. market has grown rapidly to a $4.3 trillion juggernaut. Equity passive funds alone, which include index funds, have ballooned to a more than $3 trillion market in less than 10 years, according to Morningstar.
That rate will accelerate beyond as the industry innovates even more and swallows up more assets in places like fixed income, the firm predicts.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boost for Saudi Arabia as Aramco shares surge 10% on debutSaudi Aramco's indicative debut price seen at 35.2 riyals, 10% above IPO price
Read more »
Saudi Aramco shares surge to hit their daily 10% limit as historic IPO begins tradingSaudi Aramco, the world's largest initial public offering (IPO), surged past expectations as it debuted on the country's stock exchange on Wednesday morning.
Read more »
Saudi Aramco shares surge 10% as historic IPO begins tradingSaudi Aramco debuted on the Saudi stock exchange in the world’s biggest IPO today. The state-owned oil company now has a valuation of $1.88 trillion that makes it the largest listed company in the world ahead of Microsoft and Apple.
Read more »
55 Iconic 'Grey's Anatomy' Moments That Happened In The Last 10 Years'He's very dreamy, but he is not the sun. You are.'
Read more »
How Starbucks drinks have changed over the last 10 years - Business InsiderStarbucks drinks have undergone quite a few changes as the company strives to reach billions of consumers worldwide.
Read more »
Niall Horan Just Called Billie Eilish the 'Best Artist in the Last 10 Years'And he wants to collab!!
Read more »