Salient to Investors:
More US ETFs and ETNs are being liquidated than ever before, victims of investor disinterest after their and assets expanded 111 percent versus 11 percent increase for active managers. Competition has squeezed smaller funds after BlackRock cut fees and the five-biggest securities collected 25 percent of the industry’s assets.
The most successful ETFs are attracting more money than ever – ICI reports $211 billion was added from 1/1/11 to 9/30/12, versus $126 billion added to equity and fixed-income mutual funds.
Read the full article at http://www.bloomberg.com/news/2012-11-09/etfs-culled-as-investor-disinterest-spurs-record-liquidations.html