Too Many ETFs

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Bloomberg’s Vildana Hajric has a report I saw in Money Stuff recently, and I thought this was interesting: “There are now more than 4,300 exchange-traded funds, a figure that for the first time eclipses the total number of stocks, currently hovering around 4,200, data compiled by Morningstar shows.”

More ETFs than stocks. Innovation is great, but it seems like every trade can now become an ETF. Or every stock can have a 2x or 3x version of it available. $TSLL ( ▼ 2.77% ) is a great example of a 2x $TSLA ( ▼ 1.35% ) . Putting on options is one way to get leverage or there are tons of ETFs to get you similar exposure.

With this many ETFs in the world, having the right screening tools to find information to put on the exposure you are looking for is important. I could easily see us having 10,000+ ETFs in the world over the next 3 years. Do we need that many? Maybe not, probably not, but I think everyone wants to create an ETF or package a trade as an ETF to make it easier to invest in, so why not? BRING ON THE ETFs!

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