ETFs

The surge in the demand for gold over the second quarter was fuelled by the growing use of ETFs, the World Gold Council says.

New York-based asset manager Van Eck Global has released an ETF providing exposure to small-cap stocks in India.

Nizam Hamid has left his role as head of sales strategy for iShares Europe to join Lyxor Asset Management, ETFM understands.

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.