The European ETF industry marked its 20th anniversary last year by surpassing $1trn in assets under management (AUM) at the start of the year and then breaking the €1trn mark by the end of it, while ESG ETFs gathered more assets than non-ESG for the first time.
As the industry enters its 21st year, experts foresee continued growth across ESG funds, greater proliferation of thematic products and further democratisation through fractional share dealing. While the current AUM of the industry marked a "major milestone", Morningstar's Jose Garcia Zarate, associate director of passive strategies, manager research, Europe, reiterated the firm's accurate 2018 prediction that the European ETF industry would achieve €1trn by 2020, and added the forecast included €2trn by 2024, which he still believes is possible. Global ETF assets reach $7trn Morga...
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