Replication debate takes its toll on ETF flows

While the US ETF industry ended the month up 6.3% year-to-date, to finish with assets of $945.6bn, the European industry has grown just 0.3% so far this year. It ended the month at €211.2bn. "The flows over the past couple of quarters have been slower than what they were the same two quarters last year. All the talk about ETFs has impacted the industry - that much I can say," says Christos Costandinides, European head of ETF research and strategy at Deutsche Bank. "This debate had been going on for a long time in the ETF industry and with the regulators getting involved it has reache...