UBS has seen assets in its European ETF platform grow by nearly two thirds this year.
Data from Blackrock's ETF research and implementation strategy group shows UBS' assets have increased 64.3%, or $4.2bn, in the first four months of this year. This compares to a year-to-date asset growth of 15.5% across the European ETF industry.
This recent performance has propelled the firm from its position as tenth placed ETP issuer at the end of 2010 to become the sixth largest in Europe, leapfrogging providers such as Amundi ETF and Commerzbank.
BlackRock's most recent figures show growth across smaller ETP businesses is consistently outpacing that of their bigger rivals. Among the top 25 ETF providers around the world, the five best growth stories this year all come from outside the top 10.
In Europe the three largest issuers - iShares, Lyxor and db x-trackers - all lost market share last month, dropping 0.7%, 1.2% and 0.6% respectively. At the end of 2009, those three firms owned 75.4% of the European ETF industry: that figure now stands at 68.6%.
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