BlackRock: ETFs Continue To Rise

The market for ETFs has expanded to $1.71 trillion from $1.48 trillion at the beginning of the year, according toBlackRock,The Wall Street Journal报告。数据页roviderMorningstarsaid equity ETFs saw sales of $122 billion in the 19 months to July, compared to outflows of $33 billion from equity mutual funds.

Though swap-based ETFs constitute systemic risk,Russ Koesterich, global chief strategist for BlackRock’s ETF business, said the industry will rise by up to 30% a year for the next few years. U.S.-listed ETFs represented 39% of market turnover in the second week of August and 14.9% in Europe.

Click here for the story fromThe Wall Street Journal.