Excerpt from CNBC quoting DataTrek’s Nick Colas:
…. “Nick Colas, co-founder of DataTrek Research, said in the same “ETF Edge” interview that this market structure “does make a lot of sense.”
“Ultimately, this is an industry that rewards economies of scale, economies of scope,” Colas said. “So, if you’re an ETF provider and you have a larger ETF, you can charge lower fees and put the product in front of more customers”….
Read the full article here on CNBC!