Melissa Garville, a spokeswoman for the company, declined to comment on the impact of Trump’s win on these expectations.
A Trump administration could however have a positive impact on the ETF industry, encouraging more innovative products and broadening investors’ choice, according to Michael Sapir, chief executive of Bethesda, Maryland-based ProShare Advisors LLC, an ETF provider that specializes in leveraged and inverse products.
Scrapping the DOL rule “may make the short term acceleration of growth less than it otherwise would be,” Sapir said by phone. But “ETFs are here to stay,” he said. “That ship has sailed and there’s no turning back the growth and momentum toward ETFs.”
This article was provided by Bloomberg News.