On Aug. 15, with the launch of six fundamental index funds from Schwab and a dividend-focused fund from Emerging Global Advisors, the number of exchange-traded funds listed in the U.S. jumped from 1,497 to 1,503, breezing past the 1,500 mark. The day marks another milestone for the ETF industry in 2013.
January 2013 saw the 20th anniversary of the launch of the very first ETF, the SPDR S&P 500 ETF (SPY | A-99). It took roughly 14 years, from 1993 to 2007, for the market to reach its first 500 U.S.-listed ETFs, and only about three years after that to double that amount by 2010. Now here we are at more than 1,503 funds just 2 ½ years later, and let's not forget that about 300 ETFs have come and gone since 2001.
2013 has also seen the amount of ETF assets under management surpass $1.5 trillion for the first time.