How have the different sub-sectors performed within the ETF Industry?
So what conclusions can be drawn?
The ETF industry is made up of an ecosystem of great businesses whose growth and business models are highly scalable, adaptive, and reflective of capital markets. The ETF industry and, therefore the TETF Index, reflects change and a culture that is about financial services and technology. Fund flows are merely an outgrowth of the stickiness of the ecosystem and investors sentiment. As value propositions go, the best metrics of the success of the industry is in how the ETF industry evolves in providing great returns to its investors and shareholders.