ETFs based on equity and bond indices prove more popular for the european investor
Several of the primary promoters of exchange traded funds (ETFs) are closing products which track sector indices, due to a lack of interest from European investors. This month Barclays Global Investors is closing nine iShares FTSE Europe Sectors. Merrill Lynch International is closing 13 FTSE Global Sector LDRS in September and UBS Global Asset Management has closed four Fresco Dow Jones Stoxx Europe Sector ETFs. Earlier this year, Unico closed its family of i-tracker MSCI sector ETFs, of which there were five. There have also been some closures of sector ETFs in the US and Canada....
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes