Wrap platforms see retail ETF uptake double

The ETF issuer's overall growth of 106% across six wrap platforms includes a 373% asset growth on Ascentric and 301% on Novia. ETFs now account for 26% of all dealing volume on Ascentric, and CEO Hugo Thorman says he expects ETF assets to continue their dramatic growth. "Advisers and discretionary fund managers are becoming increasingly interested in using ETFs in client portfolios, and regulatory changes like the RDR are accelerating interest." At a recent iShares event, 83% of IFAs indicated that they expected to employ ETFs to a greater extent this year. iShares EMEA head of mark...