"It was only a few years ago when we crossed 2,000 ETFs listed that the first 'there are too many ETFs!' complaints started up, and yet here we are," said Dave Nadig, VettaFi financial futurist.
"Increasing valuations have been a key driver of returns for the current bull market, while earnings growth has been more muted. Consequently, for the bull market to continue, we believe investors may turn their focus more heavily towards stocks that have the potential to deliver high core earnings, thus supporting the ETF's focus on these leaders."
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