Fixed income ETFs soar in Europe

Fixed income exchange-traded funds (ETFs) in Europe have soared in assets under management, achieving 250% growth in less than two years, according to Deutsche Bank. Since June 2007, AuM for fixed income ETFs in Europe has increased from €9bn to €31.7bn at the end of February this year. Db x-trackers, the ETF arm of Deutsche Bank, constituted 44% of this growth, raising more than €10bn in AuM since June 2007, with an average asset accumulation in fixed income ETFs of €500m every month. The EONIA (European overnight index average) ETF, which was introduced in June 2007 as the first money...