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Group forms to represent the ETF market

Group forms to represent the ETF market Senior executives of at least two exchange-traded fund companies recently announced the formation of a nonprofit organization to represent the growing ETF market. The National Exchange Traded Funds Association will provide industry statistics and commentary on ETF related issues to the U.S. financial media, as well as advance industry issues with regulators, government agencies and interested third parties, according to its founders. “The industry thought it was time to have a dedicated association so it could speak with one voice,” said Adam Patti, vice-chairman of NETFA and CEO of investment firm IndexIQ. John Hyland, the chief… Read More