U.S. ETF Launches Hit Record Pace as Leveraged Products Surge

TLDR: U.S. ETF launches reached a record two-month pace, with about 390 new funds entering the market in total. Derivatives power 54% of this year’s launches, while leveraged and inverse funds account for over one-third. U.S. ETF assets reached $15.60 trillion in May as investors continued moving capital away from mutual funds. Closures also accelerated, [...]

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