We talk about it a lot on the Fast Money desk, the massive growth of ETFs. But check this out.
Over the past year, ETF assets have swelled to $777 billion from $531 billion.
And with the advent of actively managed ETFs, which are are essentially mutual funds, the ETF universe could get a lot bigger.
What’s the trade?
Brian Posner of Point Rider tells the desk that BlackRock , Invesco , and T. Rowe Price stand to benefit because they already have strong ETF businesses.
And before the show Rider told our producers that Legg Mason is a possible loser because this new financial product could siphon off mutual fund business.
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CNBC.com with wires