{"id":786,"date":"2021-07-08T13:26:11","date_gmt":"2021-07-08T13:26:11","guid":{"rendered":"https:\/\/investwithanedge.com\/?page_id=786"},"modified":"2021-11-22T10:53:53","modified_gmt":"2021-11-22T10:53:53","slug":"complete-list-of-247-new-etfs-for-2016-2","status":"publish","type":"page","link":"https:\/\/investwithanedge.com\/complete-list-247-new-etfs-2016\/","title":{"rendered":"Complete List of 247 New ETFs for 2016"},"content":{"rendered":"

\"\"U.S. ETF providers launched 247 new products in 2016, consisting of 229 exchange-traded funds (\u201cETFs\u201d) and 18 exchange-traded\u00a0notes (\u201cETNs\u201d). Subtracting out\u00a0the 128 closures<\/a>\u00a0results in a net increase of 119 for the year. The 247 launches ran ahead of the 10-year average of 226, while the net increase came in below the 10-year average of 158.<\/p>\n

The ETF industry is still in its infancy by many measures, but the growth rates for new product introductions and overall product counts have stalled, which is a sign of maturity. Calendar year 2007 produced the largest net growth, and 2011 was not far behind.<\/p>\n

For nearly a decade, some industry analysts have been predicting that a surge in actively managed ETF offerings was just over the horizon. While the 41 actively managed ETFs introduced in 2016 represents a record, the 15 closures also established an all-time high. Maybe it will happen someday, but so far, the 163 actively managed ETFs have yet to make a significant impact on the overall industry.<\/p>\n

Investor acceptance of\u00a0smart-beta ETFs<\/a>\u00a0is one of the reasons actively managed ETFs have not gained much traction. Smart-beta ETFs are active in a sense, but they are only active at the index level, while the ETFs themselves passively follow an active index. Smart-beta ETFs accounted for 152 (61.5%) of 2016\u2019s product launches and now represent 692 (35%) of the 1,964 listed ETFs and ETNs.<\/p>\n

Although the actively managed portion of the ETF pie is much smaller than the smart-beta slice, active management has been successful at grabbing market share from ETNs. Assets in\u00a0actively managed ETFs overtook ETN assets<\/a>\u00a0a year ago. They are now 38% ahead of assets in ETNs ($29.9 billion versus $21.7 billion), and product count is on a path to surpass that of ETNs also. There were just 18 new ETNs launched in 2016 but 29 closures, resulting in a shrinkage of the ETN count by 11 to 190.<\/p>\n

We separate ETFs into nine major groupings (shown here with the number of launches in each during 2016):<\/p>\n