BANK OF AMERICA: ETFs will explode to $50 trillion in assets over the next decade - and these 14 are the best to buy right now

• Bank of America forecasts that exchange-traded funds will grow from $5.3 trillion in assets at the end of 2020 to $50 trillion by 2030.
• The bank's analysts recently published a list of their top ETF picks across sectors, industries, and geographies.
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Exchange-traded funds have upended traditional stock-picking in ways that few products have managed to.

The tradable baskets of individual stocks have made it possible for professional and retail investors to bet on just about any industry, region, or theme at a fraction of the cost of mutual funds.

The ETF boom is far from over, according to analysts at Bank of America who estimate that ETFs will grow from $5.3 trillion in assets at the end of 2020 to $50 trillion by 2030.

This growth will be "driven by a continued move to passive and increased awareness of the attractive tax efficiency, cost, liquidity and transparency characteristics of ETFs," the analysts led by Mary Ann Bartels said in a recent note to clients.

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With thousands of ETFs available for sale and multiple products sometimes competing for the same themes, it can be overwhelming to decide which ones to buy. But Bank of America has filtered the massive universe and identified 14 ETFs that should have your bases covered across multiple industries and geographies.

They all fit into the following themes espoused by Bank of America's strategists: pick US small-cap ETFs over their large-cap brethren, own value ETFs for a potential rotation away from growth, move towards cyclicals for an earnings recovery, and add portfolio hedges against risks in 2020.

The 14 ETFs are listed below with all quotes attributable to Bartels and her team.