The unbridled growth of exchange-traded fund assets and products appears to have hit a speed bump, at least for now, The Wall Street Journal reports.
But
XShares said the closures will result in higher assets under management, higher market capitalizations, more holdings in each portfolio, higher minimum investment thresholds, and, the company promises, "significantly" lower expense ratios.
Were hoping that these new,redesigned products with lower expense ratios will gain some traction with the investing public, Zapson said.
Morningstars Justice seemed to agree, saying that an ETF based on fighting cancer, for example, is a theme that people can relate to on a broader basis.