At Least 288 exchange-traded funds have registered with the Securities and Exchange Commission and are awaiting its approval, The Wall Street Journal reports. If approved, it would boost the 460 or so ETFs currently on the market by more than 60%.
The offerings include those focused on international markets, sectors and commodities. Ninety-six of the filings are long and short funds from Rydex Investments.
As of the end of January, ETFs had $431 billion in assets, up 43% from $300.8 a year earlier, according to data from the Investment Company Institute.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.