I write a lot about Barclays Global Investors on this site. That's because they're the largest provider of exchange traded funds (ETFs). They also offer a diversified collection that comes very close to providing access to all the asset classes I'm interested in.
At the end of 2005, the top 10 ETF providers held the following dollar amounts in their funds. The numbers are in millions.
- Barclays Global Inv.: $195,885
- State Street Global: $71,871
- Bank of New York: $30,037
- Vanguard Group: $11,286
- Clifton Group: $9,862
- Credit Suisse: $3,352
- Evergreen Investments: $2,154
- Merrill Lynch: $1,211
- Fidelity Investments: $212
- Todd Investment: $69
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Who are the most innovative ETF providers, not just the ones who launch niche product, but the ones with a quantitative approach who may, or may not, one day compete against quant hedge funds? And related to this question, do you know why we are not seeing more ETF's that follow a trend or carry strategy using broad market indices? If one combined just four indices (US equities, international equities, US Treasuries and Commodities), you can easily generate some alpha, in an ETF!
Mike,
The various ETF providers seem to go through waves of introducing batches of ETFs. There's no question that Powershares is one of the more active players. Adding niche ETFs is, after all, their value proposition. But even Barclays is adding to their line-up having recently released 10 subsector ETFs bringing the count of offerings to 111 which accounts for over half of the 212 or so ETFs on US exchanges.
Who are the ETF providers that are aggressively looking for new products to launch into the market. Last year Powershares brought 34 new index/funds to market. Who, other than Powershares are in that mode? Thanks-MIKE