Chart 1: Money Flows in Global ETFs
Martin Schmalz, professor of finance and economics at Oxford University, described ETFs and mutual funds as “perhaps the most successful financial innovation of the 20th century”. Chart 1 illustrates ETFs’ not so steady boom from $200bn to $10trn assets under management (AUM) in under a decade.
This article first appeared in ETF Insider, ETF Stream's monthly ETF magazine for professional investors in Europe. To read the full article, click here.