| Attempts to provide clear definitions for different exchange-traded funds are being undermined by commercial considerations, which is creating further confusion, according to analysts.
Last week, State Street, iShares and Lyxor - Europe's three largest ETF providers - all published guidelines about their products. But these separate initiatives have highlighted the lack of standardisation in the sector. The three firms have come up with different and conflicting definitions for the main types of ETF. Gordon Rose, an ETF analyst at data provider Morningstar, said that ETF providers are reluctant to standardise the definition of products for competitive reasons.............................................Full Article: Source
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