The average total expense ratio for equity ETFs in Europe is around 51 basis points (bps) lower a year than the average equity index tracking fund, according to BlackRock.
The firm's ETF Landscape at the end of the second quarter shows the average TER for equity ETFs in Europe is 40bps, compared with 91bps for equity index funds and 180bps for the average equity fund. BlackRock also predicts global ETF assets will grow by 20-30% in 2010. In Europe, there were 961 ETFs at the end of Q2, with assets of $218bn. The report shows net sales of mutual funds in Europe were $73.5bn while net sales of ETFs domiciled in Europe were $23.6bn during the first five months of 2010. Fixed income is the most popular underlying asset class, seeing 23.4% of assets in Eu...
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