14:52
The number of ETFs in the United States has now exceeded the number of individual stocks.
According to a report by Jinse Finance, data compiled by Morningstar shows that due to the rapid pace of new fund launches, there are now over 4,300 exchange-traded funds, a number that has surpassed the total number of stocks for the first time, with the current stock count at around 4,200. According to data from the Investment Company Institute, ETFs account for about a quarter of all investment vehicles, up from just 9% a decade ago.