The global ETFs industry saw the launch of 39 new products and the closure of 14, resulting in a net gain of 25 new ETFs, according to ETF research firm ETFGI.
The data has highlighted significant activity in the ETF market during the week of August 19.
The breakdown of these launches has shown diverse geographical distribution, with 14 new products in the Asia Pacific (excluding Japan), 11 in the US, 9 in Canada, 2 in Japan, 2 in the Middle East and Africa, and 1 in Europe. On the flip side, the Asia Pacific (ex-Japan) led in closures with 7 ETFs, followed by Europe with 5, and 1 closure each in the US and Japan.
Among the newly launched products, 23 fell under active management, 13 were equity-based, 2 were fixed income, and 1 was a commodities-focused ETF. According to the researchers, this activity highlights the ongoing dynamism and evolving investor preferences within the global ETF landscape.
