A stream of new entrants has swept into the ETF market this year, while existing participants have bolstered core offerings and rolled out more specialised products. Victoria Hartley charts the development of the industry in 2009
Source Source, the exchange-traded product (ETP) provider in partnership with Bank of America Merrill Lynch, Goldman Sachs, Morgan Stanley and Nomura, has been a significant new entrant in the ETP market this year, attracting over $2.8bn in assets under management (AUM) since launch. The issuer listed its inaugural range of 13 ETFs and 22 T-ETCs on the Xetra segment of the Deutsche Boerse in April. In June, the provider launched its physically-backed gold product, the Gold P-ETC, with a management fee of 0.29%. Source subsequently unveiled 18 European super sector indices in part...
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