Adam Patti On The newly formed National Exchange Traded Funds Association
Executives from the majority of U.S.-based ETF fund companies have agreed to join a newly formed ”National Exchange Traded Fund Association”, or NETFA for short. NEFTA will detail its members in coming weeks, however the chairman and vice chairman have been announced. NETFA has named as its chairman John Hyland, chief executive of U.S. Commodity Funds LLC, and Adam Patti has been named the vice chairman. The focus of the NETFA is to educate institutional and retail investors, as well as the advisor community, on the benefits and uses of ETFs. NETFA will provide industry statistics and commentary on ETF related issues to the US financial media, and advance industry issues with regulators, government agencies and interested third parties, according to a statement issued by NEFTA.
Adam Patti, chief executive officer of IndexIQ, talks about the exchange traded fund industry. and the newly formed National Exchange Traded Funds Association, below.
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