ETFs

Institutional investors in the US are increasingly using ETFs for both tactical and strategic purposes, according to the second annual Greenwich Associates study in association with iShares.

Terry Smith, founder of Fundsmith, warns ETFs face a range of problems from potentially misleading investors to exposing buyers to counterparty risk.

Fundsmith founder and manager Terry Smith has warned of the "pernicious danger" underlying ETFs, months after labelling the product an "investment fad" that investors misunderstand.

Russell Investments, the index provider behind over a hundred ETFs worldwide, has unveiled its own range of "Investment Discipline" ETFs on NYSE Arca.

Major ETF providers are planning to convene next week to consider the formation of a European industry association.

US provider IndexIQ has listed its Hong Kong Small Cap ETF on NYSE Arca.

State Street Global Advisors (SSgA) has launched eight ETFs across fixed income, global and emerging equities on the Deutsche Boerse.

Commerzbank's ETF arm ComStage has launched four ETFs on the Deutsche Boerse, including the first to invest in the German small cap index SDAX.

UBS has seen assets in its European ETF platform grow by nearly two thirds this year.

Laurent Kssis at LaBranche Structured Products Europe (LSPE) discusses European ETF trades for the week ending 13 May.