As ProShares prepares to launch a series of international index exchange-traded funds, the company’s CEO, Michael Sapir, spoke with Investor’s Business Daily about the future of the industry, and surprisingly, scoffed at many of the recent trends in the ETF industry.

For one, while Sapir believes the ETF industry has the opportunity to continue to grow, he doesn’t believe that the new spate of ETFs based on newer, untested, quasi-active indexes is necessarily a good development. “The market’s going to decide whether there are too many ETFs out there,” he said.

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