Last year 37 per cent of trading on the New York Stock Exchange occurred in the last 30 minutes of business because that’s when ETFs adjust their holdings to remain in line with the index. Photo: AFP
Stephen Vines
Opinion

Opinion

The View by Stephen Vines

Why the exchange-traded fund industry is a ticking time bomb

History tells us that the kind of market dominance ETFs are enjoying never comes without a fall

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Last year 37 per cent of trading on the New York Stock Exchange occurred in the last 30 minutes of business because that’s when ETFs adjust their holdings to remain in line with the index. Photo: AFP
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