The global ETF industry listed 1,063 new exchange-traded products in the first seven months of this year, smashing the previous record for the period set in 2021, according to ETFGI.
The 1,063 new products listed this year through July 31 topped the previous record of 988 new product listings in the first seven months of 2021, said ETFGI, an independent research and consultancy firm specializing in the global ETF industry, in an Aug. 20 news release.
During the first seven months of 2020, new listings of ETFs and other exchange-traded products totaled just 591, according to the release.
“This report underscores the dynamic nature of the ETF industry and highlights the continued growth and diversification of the market,” the release said.
The U.S. had the highest number of new launches in the first seven months of this year at 363, followed by Asia Pacific excluding Japan at 341 and Europe at 171, according to the release. The U.S. also reported the highest number of closures at 104, followed by Asia Pacific excluding Japan at 85 and Europe at 56, the release said.
Japan, which ETFGI categorizes separately, had 26 new launches and two closures, according to the release.
A total of 281 providers contributed to the new launches, which spanned 39 exchanges globally.
The newly listed products included 461 active, 374 equity and 104 fixed income ETFs and other ETPs, according to ETFGI.
BlackRock’s iShares listed the largest number of new products at 56, followed by Global X Management with 41 new launches and First Trust with 29, according to the release.
