WSJ, How Much New Investor Cash Did BlackRock Attract in 2017? $1 Billion a Day, Jan. 13–14, 2018

The world’s largest asset manager reached a new milestone during 2017: the equivalent of $1 billion of new client cash every day.

The annual net inflow of $367.3 billion helped BlackRock Inc. BLK 3.27% pass $6 trillion in assets for the first time, up more than $1 trillion from the end of 2016. The record haul during 2017 amounted to more than $698,000 a minute.

The pace of new investor cash into BlackRock puts it in the same league as rival Vanguard Group, which attracted a net $369.3 billion in new money last year. The two managers now oversee a combined $11.2 trillion, higher than the gross domestic product of China in 2016.

What to Look for in ETFs in 2018

During the year, 275 new products were launched and 136 products were delisted, according to research firm XTF. The announced acquisition by Invesco Ltd.’s Invesco PowerShares of Guggenheim Investments’ ETF business has brought the slow but steady consolidation toward the top of the ETF pyramid. The fourth-largest issuer at $177 billion in assets, when combined, will still trail State Street Corp.’s State Street Global Advisors ($567 billion), Vanguard Group ($851 billion) and BlackRock Inc. ($1.35 trillion). Additionally, three issuers-Global X, Goldman Sachs and Exchange-Traded Concepts-experienced more than 100% asset growth in 2017, according to Toroso Asset Management.

… 5. Active management is redefined. Even supporters of actively managed stock funds argue that active vs. passive/indexing can be boiled down to high cost vs. low cost. (And, yes, there is high-cost passive in some areas of the market.) Now, Vanguard is gearing up to blow a hole in the active/passive distinction by introducing low-cost, actively managed ETFs in the first quarter—index funds with that will home in on areas of the market recently ruled by the smart-beta crowd—namely momentum, value and minimum volatility, among others.

U.S. SEC approves request to list quadruple-leveraged ETFs

NEW YORK, May 2 (Reuters) – The Securities and Exchange Commission on Tuesday approved a request to trade quadruple-leveraged exchange-traded funds, marking a first for the growing market for such products in the United States.

The request to list ForceShares Daily 4X US Market Futures Long Fund, under the ticker UP, and ForceShares Daily 4X US Market Futures Short Fund, under the ticker DOWN, was filed by Intercontinental Exchange Inc’s NYSE Arca exchange.

  • Securities and Exchange Commission (Release No. 34–79201; File No. SR-NYSEArca-2016-120)

In the absence of certain stop measures represented by options on futures contracts obtained by a Fund, if the Benchmark moves 25% or more on a given trading day(s) in a direction adverse to a Fund’s holdings, a Fund’s investors would lose all of their money.