ETFs ‘grew faster than hedge funds’ in 2016

Global payThe global exchange-traded product (ETP) industry, which includes ETFs, grew faster than the hedge fund industry last year, according to research. ETFGI, an ETF consultancy, said that assets invested in the global ETF/ETP industry were $530 billion (€501 billion) larger than assets held in the global hedge fund industry at the end of 2016. According to the firm there was a record $3.548 trillion invested in the 6,630 ETFs/ETPs listed globally at the end of 2016, while assets in 8,326 worldwide hedge funds stood at $3.018 trillion. ETFGI said assets invested in the global ETF/ETP industry first surpassed assets invested in the hedge fund industry at the end of second quarter of 2015, following a marked trend towards more investment in ETFs/ETPs since the financial crisis of 2008. ETFGI managing partner Deborah Fuhr said that one reason for the growing popularity of ETFs and ETPs was that “many investors have become disappointed with the high fees, performance and lack of liquidity of hedge funds over the past few years”. ©2017 funds europe

Executive Interviews

CEO INTERVIEW: Munro gains three-year track record

Mar 16, 2017

Aviva Investors’ annual results this month were the third set since Euan Munro took over as CEO. Nick Fitzpatrick speaks to him about the ‘Aims’ fund at the heart of the firm’s outcome strategy.

DISTRIBUTION INTERVIEW: Tales of the unexpected

Mar 16, 2017

Laurence Terryn, a fund selector at Candriam, tells David Stevenson how the twists and turns of the past year’s macro environment flavoured her approach to fund selection.

Roundtables

ASSET SERVICING ROUNDTABLE: Under pressure

Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.

SEC LENDING ROUNDTABLE: Both a borrower and a lender be

Jan 11, 2017

Industry heavyweights, including agent lenders, discuss issues affecting the securities lending sector such as regulation and the types of collateral being used.