The global ETF industry launched a record 1,063 new products in the first 7 months of this year.
The 1,063 new product listings surpass the previous record of 988 new product listings in the first 7 months of 2021.
After accounting for 314 closures in the first 7 months there has been a net increase of 749 products.
This surpasses the previous record of 988 new ETFs listed at this point in 2021, according to consultancy firm ETFGI.
The distribution of new launches was: 363 in the United States, 341 in the Asia Pacific (excluding Japan), and 171 in Europe. The United States reported the highest number of closures at 104, followed by the Asia Pacific (excluding Japan) at 85, and Europe at 56.
A total of 281 providers contributed to these new launches, spread across 39 exchanges globally. There have been 314 closures from 107 providers across 24 exchanges. The newly listed products include 461 active, 374 , and equity and104 fixed income asset classifications.
