| Global exchange traded funds have grown at a record-breaking level, hitting the $347bn (£235bn) mark in 2015, according to BlackRock. The fund house claimed its iShares business led the global exchange traded fund industry by winning $130bn (£88.2bn) in new flows in 2015.
The fund house said it saw 13 per cent annual growth rate in 2015. It also claimed to have set new growth records in the US, with growth totalling $97bn (£66bn) against $87bn (£59bn) in 2014, and in Europe, with growth reaching $34bn (£25bn) from $20bn (£14bn) over the same period...............................................Full Article: Source
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