There are more than 2,000 exchange-traded funds right now. Is that enough?
“It’s easy to put the devil’s advocate hat on and say, ‘Enough is enough. Do we really need ETF 2,100, ETF 2,500?,” Dave Nadig, CEO of ETF.com, said. “Is there anything left to invest in that any rational investor would care about?’”
Nadig posed this question to a panel of experts brought together by State Street Global Advisors ahead of the 25th anniversary of the world’s first ETF — the SPDR S&P 500 ETF (SPY).
According to Jim Ross, chairman of the global SPDR business, there’s “always room” for more ETFs. However, it’s not as easy to launch new ETFs as it used to be.