Concentration in this fast-growing part of the ETF market is raising questions over fees and competition

A recent Morningstar report highlights that two providers control 86% of the rapidly growing buffer exchange traded fund (ETF) market, potentially keeping investor costs higher than traditional passive alternatives. First Trust is the largest buffer ETF provider with nearly US$40billion held across 110 defined outcome ETFs, according to Morningstar The defined outcome ETF space, commonly known as ‘buffer ETFs’, has expanded to over 420 products with approximately US$78billion in