23.02.2016 - Traditional managers move to ETF market
The ETF sphere is expanding. More than 40 companies around the world listed their first ETFs in 2015. Increasingly, the old guard of asset managers are moving into the space: Legg Mason, Franklin Templeton and Goldman Sachs have been adding ETFs to their product suites. The rapid spread of ETFs is seen as an opportunity for traditional asset managers. Last year set a record for ETF inflows, despite global volatility. Across Europe, ETF assets rose by a quarter to more than £350bn. The popularity of passive is putting a strain on flows into traditional funds and, for many groups, launching ETFs is an obvious response...............................................Full Article: Source
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