BofA could be gearing up for ETF offering; US providers eye European market

Bank of America Merrill Lynch will take ETF guru Deborah Fuhr on board later this year in a move which could signal that it's setting up to offer its own ETFs. A source close to the bank said that Bank of America's ETF offering will come under the group she will head. However, they were not able to say if it would list any of its own products. The bank is already present in the European market as one of a handful of investment banks which partnered with Source when it launched its exchange-traded products (ETP) business in 2009. Any European ETF listings would surely put it in comp...