The number of exchange-traded funds has declined over the last several years because the cost of managing them was excessive.

Question

Quizplus · Accepted Answer

This statement is false. The number of exchange-traded funds has actually increased over the last several years, with the total number of ETFs in the US exceeding 2,300 as of 2021. While some ETFs may have been liquidated or consolidated due to various reasons, such as lack of investor demand or poor performance, overall the ETF industry has continued to grow.

The Number of Exchange-Traded Funds Has Declined Over the Last