ETF of ETFs will be the next passive structure to look out for in the UK asset management industry, as commentators predict it will "definitely" be a growing area in the next few years.
Although the fund structure is yet to hit the UK, there have been a number of launches in the US with the most recent from Ocean Capital Advisors, the hedge fund led by veteran investor Jim Rogers, listing a global macro ETF of ETFs on 21 June, which uses artificial intelligence to invest in single-country ETFs. In addition, last month Vanguard launched the Total World Bond ETF, which tracks the Vanguard Total Bond Market ETF and the Total International Bond ETF and has a total expense ratio (TER) of 0.09%. Furthermore, there is one ETF using this structure listed in Europe: Deutsche ...
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