More 3,000 ETFs trading simultaneously for the first time ever this month — a 30% increase since December 2020, according to Morningstar.
Included were sector and emerging funds, as well as funds specified to themes such as clean energy and legal marijuana, Colas said, as part of a shift from disruptive innovation to mainstream.
However, this move toward specificity of thematic ETFs like cybersecurity ETFs has its risks, according to investment consultant Charles Ellis, the author of two upcoming books,"Inside Vanguard" and"Figuring It Out." While Ellis believes those who go into ETFs to later dive into index funds will do fine, those choosing highly specialized ETFs are at risk of making disastrous mistakes.
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