Global ETFs had one of their strongest first halves, says iShares

The exchange traded funds (ETF) industry experienced one of its strongest first halves in terms of flows, says iShares. Despite turbulent market conditions in various parts of the world throughout the first half of the year, global inflows into ETFs are up 10% on last year, according to iShares. "We [the global ETF industry] are already up 10% globally versus last year and we are only halfway through the year. That is support for that case that we are going to see 18% growth rates over the next few years. 2011 is going to be a big year for ETFs," says Jennifer Grancio, head of US dist...