In July, ETFGI, a London-based ETF research firm, confirmed that total assets under management at the world's exchange-traded products, including ETFs and exchange traded notes (ETNs), eclipsed the assets held by hedge funds.
“According to our analysis there was US$2.971 trillion invested in the 5,823 ETFs/ETPs listed globally at the end of Q2 2015, assets were down slightly from their record high of US$3.015 trillion at the end of May 2015, while assets in the global hedge fund industry, according to a new report published by Hedge Fund Research HFR, reached a new record high of US$2.969 trillion invested in 8,497 hedge funds, which is US$2 billion smaller than the assets in the global ETF/ETP industry,” said ETFGI two months ago.
Well, hedge funds are a big reason why ETFs are growing, but while hedge funds are among the wide range of institutional investors increasing ETF usage, their ETF selections are pretty bland. For example, the SPDR S&P 500 ETF Trust (NYSE: SPY), the world's largest ETF, is the ETF most widely held by hedge funds.
Popular ETFs With Hedge Fund Exposure
“As of mid-August disclosures, SPY was ...
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