ETF issuers plan European body

The second and third biggest firms in Europe - Lyxor and db x-trackers - have issued an invitation to their main competitors to discuss establishing a "more comprehensive body" in a conference call. Lyxor head of ETF strategy Nizam Hamid said: "I cannot say for sure whether it will happen or not, but we feel it is an opportune moment to have that type of discussion." The move comes after a number of international regulators issued reports expressing concerns over the growth of the ETF industry. Hamid said: "This has certainly been prompted by the Financial Stability Board's report,...