Blackrock, State Street & Vanguard control about 83 percent of the ETF market in terms of assets. Should this raise a red flag to investors? Tom Lydon, editor of ETFTrends.com explains.
Tom emphesizes that even though there are three big players, those players are competitors. The competition is driving down the expense ratios for the existing funds, with each of the players trying to increase their market shares. On top of this there are other players in the market, and there is hardly a monopoly going on right now.
See the full video below: