ETFs Report 2013

AirplaneEnhanced index managers say they are attracting investors who want an alternative to active funds and a relatively lower risk means of gaining equity exposure, finds Judith Evans.

Mushroom cloudFund closures have increased as providers push their more popular products. Nicholas Pratt looks at the role of liquidity in ETF attractiveness.

UnicornMany years after the active versus passive debate was launched, the attacks on active managers continue. Nick Fitzpatrick reports.

Baudson ValerieAmundi came to the market for exchange-traded funds later than some competitors, but it has grown its market share, due to innovation and low fees, to reach the fourth position in the European ETF providers ranking, says Valerie Baudson, global head of ETF and index solutions.

Traditional institutional index funds are a major barrier to ETF success, at least in the UK pensions market, our panel on ETF industry development hears. Though smart beta could change this. Edited by Nick Fitzpatrick.

MazeAs ETF providers face a maze of operating challenges in the European market, Fiona Moore of Northern Trust tells Funds Europe how asset servicers can help steer them to their goals.

TrackNew rules require tracking errors to be disclosed in index-tracking Ucits funds. Judith Evans looks at the difficulties involved and discovers which of the methods used suit different types of investor, the short-term trader, or the long-term holder.

Francois-MilletQuality income stocks is an attractive new equity asset class which has grown out of the uncertainties in the markets in the past five years. François Millet of Lyxor explains.

PresentLondon-based investors were recently granted the right to use their offshore renminbi and invest it into China under its renminbi qualified foreign institutional investor programme. Stefanie Eschenbacher finds Asian asset managers are exploring the possibilities to list their exchange-traded funds in Europe as Ucits.

SkylineThe largest net inflow for two decades to the small cap Russell 2000® Index occurred earlier this year. Gareth Parker, senior director, Index Research, Design & Development of Russell Investments, tells Funds Europe how this index fits into long-term portfolios and in what environment it is likely to outperform in the shorter term.

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