In the first five months of 2020, the 29 new active funds, including a wave of new non-transparent ETFs, have put the industry on pace for a total of 70, exceeding 2018 (64) and 2019 (59) levels, according to First Bridge Data.
The US Global Jets exchange-traded fund, ticker JETS, held just $33 million in early March when the coronavirus pandemic grounded global air travel. Its assets now top $1 billion.
BlackRock filed to license the structure of Precidian Investments’ ActiveShares product.
The Fidelity Blue Chip Growth ETF, Fidelity Blue Chip Value ETF and Fidelity New Millennium ETF will begin trading Thursday.
These funds saw the most money flow into them over the past 30 days.