Spanish ETF industry set to expand

The firm's latest ETF Landscape report says the Spanish regulator has recently allowed both investment funds and open-end investment companies to operate ETFs, facilitating growth. ETFs have also been given greater flexibility and are now able to replicate indices of any asset class specifically authorised by the regulator, paving the way for commodity and currency ETFs. However, the recent performance of Spain-domiciled ETFs has been muted. The report reveals that assets in the funds have slumped to $1.5bn, marking a decline of 40.5% year-to-date (YTD). This decline is more than ...