Advisers and consumers should complete thorough due diligence before investing in ETFs or passive funds, TCF Investment warns.

On-exchange turnover in the European ETF industry has reached an all-time high, fuelled by fluctuating markets and investor uncertainty, Lipper says.

The use of ETFs among Asian investors is likely to increase by up to 30% a year, in line with the expected growth rate for Europe, according to BlackRock.

Physical gold inflows have hit a 13-week high amounting to $236m, as investors turn defensive about the economic outlook, ETF Securities (ETFS) says.

The average daily trading value of ETFs and other exchange-traded products on the London Stock Exchange (LSE) has increased 57% year-on-year, to reach £362m.

US-based firm Claymore Securities is closing and liquidating four ETFs that trade on NYSE Arca.

The global market for fixed income ETFs is on target to hit $200bn next year, according to iShares.

Commerzbank is due to launch ComStage ETFs in the UK for the first time in September.

US asset manager WisdomTree has listed an actively managed ETF investing in emerging markets local debt, on NYSE Arca.

Financial advisers in the US believe the "flash crash" on May 6 was caused by market structure issues, according to a survey commissioned by iShares.