ETF race hits $1T at record speed

The theme song for the exchange-traded fund industry could very well be Frank Sinatra’s "It Was a Very Good Year," as the industry just hit $1 trillion annually in assets this month, faster than any other time in history."I think, largely speaking, you look across the different asset classes – stocks, bonds, commodities, gold, of course – it's been a very good year to own assets. Assets largely across the board have outperformed cash. So, it's just been a positive returning environment for assets. So, I think we have seen flows come in because of the sort of risk on type of behavior, but also