While ETF rationalizations have continued to accelerate from just 35 in 2011 to over 100 in each of the last three years, an increasing number of new entrants—particularly traditional active shops—have flooded the ETF market. From 2015 to 2017, 75 new ETF providers launched a total of 143 ETFs. In 2017, 29 new entrants accounted for 21% of all ETF product development for the year, the highest level since the ETF boom of 2011.
New Entrant ETF Development
Sources: Morningstar & FUSE Research