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If a crushing bear market, inflation-fueled volatility and slump in inflows was meant to cool the booming US exchange-traded fund industry, issuers never got the message.

Firms have brought 422 new ETFs to the market this year as of Wednesday, five more than the number seen at the same time in 2021. That total puts 2022 on track to surpass last year’s record for debuts, even as the Federal Reserve’s battle against soaring prices.

Published by Vildana Hajric in Bloomberg.