Carving a niche

  Despite the fact that most leading providers of European ETFs lost market share last year, there was a notable exception to this trend. The firm in question was not a long-established player, but a virtual newcomer that remains unknown to many people outside the industry. ETFlab Investment launched its first ETF only two years ago. But in that short time the German firm has already succeeded in gathering more than 3% of the European market.  Its success shows how much potential remains for entrants to the $218bn business in Europe, and it helps illustrate why so many other firms,...