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ETF Boom Leaves Thematic Funds Behind [Video]

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Via Yahoo Finance

Jan.02 — Thematic ETFs, which focus on industries like robotics, blockchain or cannabis, closed 2019 with about $51 billion under management, just 1% more than the previous high point for assets reached 15 months earlier, according to data compiled by Bloomberg Intelligence. By contrast, the overall U.S. ETF industry has grown 20% during the same period and now oversees $4.4 trillion. Bloomberg’s Ritika Gupta has more on “Bloomberg Markets: The Close.”

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