To the surprise of few who follow the industry, exchange traded funds notched another exceptional year of adding assets in 2015. By BlackRock Inc. (NYSE: BLK)'s count, exchange traded products added $347 billion on a global basis last year.
New York-based BlackRock garnered $130 billion of the $347 billion that flowed into exchange-traded products last year. BlackRock, the world's largest asset manager, is the parent company of iShares, the world's largest ETF sponsor.
"U.S. ETFs gathered $40 billion in the month of December, driving the full year inflows to $242 billion, according to data from etf.com. In 2015, international equity ETFs added more than $109 billion of fresh money while U.S. equity and U.S. fixed income offerings added $61 billion and $56 billion, respectively. S&P Capital IQ thinks this is impressive as the U.S. equity market was down fractionally on a price basis ...
/www.benzinga.com/trading-ideas/long-ideas/16/01/6116512/strongest-of-the-strong-another-big-year-for-the-etf-industry alt=Strongest Of The Strong: Another Big Year For The ETF Industry>Full story available on Benzinga.com
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