The proliferation and popularity of exchange traded funds (ETFs) is set to continue, with asset growth forecast to reach $50trn by 2020, a report suggests.
With assets held in ETFs currently at about $2.6trn, more than three out of four executives polled by PricewaterhouseCoopers (PwC) expected that figure to at least double within the next six years. Additionally, almost two-thirds (59%) of ETF sponsors said they expected their business to become more profitable in 2015. Though the report suggested institutional investors would be primary global growth drivers, it added that, in the UK, ETF growth could be triggered by the pension changes announced at Budget 2014. PwC UK ETF leader Hazell Hallam said: "From April this year people will h...
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