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Investor demand in ETFs reaches new high

Exchange Traded Funds have reached a global high of £514bn of invested assets following the recent recovery in stock markets.

According to data from Barclays Global Investors, invested assets in ETFs plunged from £480bn in April to £424bn at the end of 2008.

The group says new inflows account for half the rebound in ETF assets, with the remainder coming from the rise in existing ones. ETFs in emerging stock markets have shown the fastest signs of growth with a total of 257 emerging market equity ETFs now being offered with assets having almost doubled from £42.4bn to £77.6bn.

ETFs were first launched in 1993. The products were primarily equity based before moving into the likes of fixed income and commodities.



European IFA trade body launches

A new trade body, the Federation of European Independent Financial Advisers, has been set up to represent the interests of English-speaking IFAs operating in mainland Europe.


Bell slams FSA over drawdown statement

AJ Bell has hit out at the FSA for suggesting income drawdown is inappropriate for people with pension pots under £100,000.In a note outlining the public censure recently handed to Cheshire Life & Pensions, the regulator stated: “It is generally accepted that income drawdown can become increasingly unsuitable if the customer has a pot of […]


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