In his recent Smart Money article, “120 New ETFS Debut So Far in 2008“, Rob Wherry takes a look at four categories of ETF funds that have debuted in the first half of 2008.
According to Lipper, approximately 120 new ETFs and ETNs hit the market during the first six months of 2008. The new offerings spanned a wide range of investing strategies including commodities, currencies, and emerging markets. There are also many more funds currently in the SEC registration process.
The industry also experienced liquidations as funds sponsored by Claymore, XTF, Adelante, and MacroShares closed their doors.
Wherry also discusses actively managed funds in the article. He has found that many financial advisors are taking a “wait-and-see attitude” towards actively managed funds. According to Wherry, not many advisors have poured money into [actively managed] funds.