ASSETS in fixed income ETFs will grow by over 200pc to surpass $200bn over the next three years, iShares has predicted, due to capital market banks trading the products more widely.
The ETF arm of Barclays Global Investors (BGI) pointed out that globally, fixed income ETFs have over $60bn in assets under management, a 7.5pc share of the total ETF market. Assets in fixed income ETFs have grown by 230pc, from $18bn in June 2005 to over $60bn by the end of January 2008, while ETF assets across all asset classes are expected to swell from $800bn to $2tr by 2011, according to the February Morgan Stanley ETF report. Alex Claringbull, fixed income portfolio manager at iShares, commented: "ETFs have traditionally been thought of as equity products, and the majority of the ...
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