Report: Almost all asset managers will offer ETFs within five years

ETF market to hit $7.6trn by 2020

The majority of asset managers will have some form of ETF offering in the near future with many new entrants focusing on fixed income and smart-beta, according to a report by advisory services provider EY.

The report, entitled Global ETF Research 2017: reshaping around the investor, found 67% of the surveyed 70 ETF promoters, market makers and service providers believed most asset managers would launch ETF products over the next five years. The report said: "Within five years, almost all asset managers will offer passive or active ETFs. "This reflects a variety of strategic goals, including competing in the ETF space; defending against the "hollowing out" of mutual funds; and tapping into digital distribution." Therefore, Lisa Kealy, EMEIA wealth & asset management ETF leader at EY, ...