ETF Highlight Reel: Records Broken, Best Launches
The Investment Company Institute reports that U.S. ETF assets stayed above a record-setting $2 trillion mark at the end of the last quarter. Considering that represents a fraction of the entire investment market, Bloomberg notes it is remarkable how much ETFs account for U.S. trading activity.
"The turnover in ETFs is about 870% a year," Bloomberg reports. "This is more than four times the turnover for U.S. stocks, which comes in at about 200%."
Volatility in international markets punished some fund categories, but plenty of new winners could be found in the investment sectors of science and technology.
Here's a rundown of the most important market statistics from the first half of the year.
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