In a busy year for ETF launches, Standard and Poor's (S&P) has selected only a handful which it favours as the increasingly niche ETFs offered fail to gather assets.
There were 191 exchange-traded products launched in the year to early August, according to a report by Todd Rosenbluth, New York-based S&P equity analyst. S&P analyses the more than 100 equity ETFs which have been launched but only a few have gathered significant assets and S&P has selected just five for its top two rankings. It has awarded the Vanguard Total International Stock Index Fund (recent market cap of US$301mn according to S&P) and the PowerShares S&P 500 Low Volatility Portfolio ($244mn) its top ranking of overweight. The second highest ranking (market weight) is curr...
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