Total ETF assets have been growing at a "fairly consistent" annual rate of 25% from $770 billion 10 years ago, Bank of America said.
Since the inception of the first ETF — the S&P 500 SPDR — in 1993, the U.S. market has grown rapidly to a $4.3 trillion juggernaut.It may have been quite the decade for the U.S. exchange-traded fund market, but the next one could see its assets surge tenfold to $50 trillion, Bank of America predicted.
Money has flooded into ETFs during this record-long bull market, while active strategies have suffered. Since the inception of the first ETF — the S&P 500 SPDR — in 1993, the U.S. market has grown rapidly to a $4.3 trillion juggernaut. Equity passive funds alone, which include index funds, have ballooned to a more than $3 trillion market in less than 10 years, according to Morningstar.
That rate will accelerate beyond as the industry innovates even more and swallows up more assets in places like fixed income, the firm predicts.
They are headed to half or less in next two years when the market all but collapses. US Market Cap to GDP is at 149% today and nearing the all time 2000 highs which was the dot com bubble!! This foolery is not going to last.
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