ETFs Market Doubles to $7.1 Trillion Amid Volatility, Despite Jack Bogle's Criticism

The exchange-traded funds (ETFs) market has experienced significant growth, doubling to $7.1 trillion since the pandemic. This surge represents 13% of the US stock market. The rise in market volatility has prompted US investors to turn to ETFs to refresh their portfolios. Despite the late Jack Bogle's criticism of ETFs for encouraging speculative trading among “fruitcakes, nut cases and lunatic fringe,” the industry has seen a cultural shift with the introduction of single-stock funds and high-octane derivatives ETFs. ETF strategist Todd Sohn notes the appeal of ETFs lies in their low cost.