Stock exchanges turn into ETF exchanges as passive management rules all
New York
STOCK exchanges are increasingly getting out of the stock trading business.
As weird as it may seem, individual shares are no longer the most actively traded securities in the market. That distinction goes to exchange-traded funds, which took in a record US$400 billion in the past year to become a US$3.8 trillion industry.
TRENDING NOW
NDR 2026: Singapore to create new Western island to support 'new generation of industries'
MSCI drops S-E Asian heavyweights Sembcorp, GoTo and Ayala Land from global benchmarks
E-commerce is killing ‘real’ commerce, says China’s beverage king Zhong Shanshan
Asia-Pacific aviation: is up really the only way?