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.

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.

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.

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.

ETF providers say custodians need to step up stock lending programmes to serve the European market. Our ETF operations panel discusses this obstacle to industry development, and highlights the problem of multi-market listings. Edited by Nick Fitzpatrick.

GlobeA pan-European market structure for ETFs might help reduce cost and boost liquidity. Nicholas Pratt examines the latest initiatives to create this model.