Late off the blocks in Europe, but gaining ground

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From Archive 03 November 2003

By PWM Editor

The market for ETFs on this side of the Atlantic may only have got going
three years ago, but in 2003 it is on track to double in size yet again.

Exchange-traded funds (ETFs) have been one of the fastest growing areas in the European asset management industry in recent times. While these products have been available in the US for several years, their introduction in Europe only started in 2000.
Since ETFs became available in Europe, assets under management in this new and innovative investment vehicle have risen to over $16bn (e14bn). (See Chart 1.)

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Late off the blocks in Europe, but gaining ground

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