ETF Assets To Hit USD1T By 2009
Exchange traded funds’ assets under management are expected to reach USD1 trillion by 2009 and to double that amount by 2011, Financial News reports. The move is part of investors’ desire for more liquid, passive investments. At present, there are USD800 billion in assets under management in ETFs globally.
Deborah Fuhr, global head of ETF research and implementation at Barclays Global Investors, said the European ETF market saw inflows of USD5 billion in September. She also noted there is interest in the Middle East. “Several exchanges in the region are keen to list ETFs, while there is also interest from Africa and Asia.”
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