21.01.2014 - Itís the ETF marketplace that is not yet fit for purpose
In the global hunt for return, you would be forgiven for thinking that investors around the world would be united in their appetite for low-cost, transparent solutions that generate income, particularly if they could pay lower management fees. But a cursory glance at the global exchange traded funds market suggests that this is not the case. In the US, SPDRís S&P 500 ETF has become the largest in the world, sometimes trading more than the value of the entire European equity market. There are 1,259 ETFs domiciled in the country and more than $1.6tn assets under management...............................................Full Article: Source
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