We saw mixed performance across Wall Street in 2015, but one segment of the financial world had no such trouble: exchange-traded funds (ETFs) are simply booming.
Here are 5 ETFs that soared in 2015, and could well carry over as big winners into the new year…
Throughout 2015, rallies followed downturns, and vice versa, while stocks like Apple (NASDAQ:AAPL) that could do no wrong during the summer now slump into the holiday season.
Not so for ETFs. Indeed, with the trading year nearly over, the industry (now worth over $2 trillion) set a record for the number of funds available to investors.
Over 225 new funds debuted during the year, a 38% growth rate from 2014’s 202 newly-minted ETFs.
Over the same period of time, assets under management grew by 5%, representing $214.6 billion in new money flowing into the coffers of incredibly happy fund managers.
With that kind of growth and those huge dollar signs out there, investors can expect continued growth and choices for 2016.
In the meantime, as the clock winds down on 2015, it’s a good chance to look at some of this year’s winners, focusing exclusively on performance as provided by Barchart.com.
And while we’re at it, we’ll speculate just a bit on 2016, too.
Let’s take a look…