ETF industry could grow to $15T in next 5 years

During “Exchange: An ETF Experience” run by VettaFi, which was held Feb. 5-8, 2023 at the Fontainebleau Miami Beach, Bryon Lake, managing director, global head of ETF Solutions at JPMorgan Asset Management who is based in New York City, predicted that the ETF industry will grow to $15 trillion in next five years.

“ETFs are now 30 years old, there has never been a rolling five-year period where ETF assets haven’t doubled, including 2017- 2022 when they grew from $3.5 trillion to $7 trillion,” Lake tells FOX Business. “Myself and JPMorgan Asset Management expect ETF assets to more than double from $7 trillion today to $15 trillion by the end of 2027, driven by the growth of active and passive strategies in the ETF wrapp