etf issuers: ETFs are a basket of stocks or other assets traded by individual investors and institutions, according to Global Times China. Fund managers from Black Rock to Vanguard and Schwab offer index ETFs that try to track, not beat, the market. The total, which is preliminary, compares with 348 billion in 2015 and includes a record 286 billion haul in the US, home to the funds' biggest market. Those low fees along with other cost savings and conveniences have helped the more than 3 trillion ETF business take assets from rival financial products, including actively managed funds that attempt to beat the market but may fall short of that goal. ETF issuers were also able to draw investors into smart beta products that often attempt to beat the markets, but do so based on a set of rules governing how they invest, rather than a portfolio manager making those calls. US-based active stock funds recorded 288 billion in withdrawals in 2016, the largest on record, according to preliminary Thomson Reuters Lipper data through November.
(news.financializer.com). As
reported in the news.
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