Four exchange-traded fund (ETF) providers have formed a forum to promote the usage of ETFs among UK financial providers.
BMO Global Asset Management, ETF Securities, Source and WisdomTree Europe have launched the ETF Forum, with the aim of “promoting awareness of ETFs and educating the adviser and wealth management market on how to better use” the products.
Legal & General Investment Management is also part of the Forum through an association with Source.
The Forum covers the whole exchange-traded product market and will host a series of free workshops across the UK over the year.
The forum launches on June 20 with a workshop at BMO’s offices, followed by ten further workshops held in cities across the UK, including Glasgow, Edinburgh, Manchester, Birmingham and Bristol.
Nizam Hamid, head of ETF Strategy at WisdomTree Europe, said: “ETFs are becoming increasingly popular but given the huge variety of products available, it is imperative advisers and wealth managers know how they can best use them.”
Rob Thorpe, head of UK intermediary at BMO said ETFs were seeing increasing inflows, but there remained a knowledge gap amongst UK advisers and wealth managers.
The forum also has a dedicated website at www.theetfforum.com.
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