Global ETF assets under management (AUM) are likely to reach nearly $4.7 trillion by the end of 2015, as per a report by consultant McKinsey & Company, Financial Times reports. Total assets in ETFs stood at $1.5 trillion at the end of 2010. The report stated that the AUM of ETPs increased 31% from 2000 to 2010, as compared to AUM growth of nearly 5% to 6% for mutual funds during the same time period, adds Pensions & Investments. ETFs will now be offered in more retirement plans and provide greater access to absolute return and alternative strategies, said Onur Erzan, McKinsey principal and co-author of the report.
Click here for the story from Financial Times.
Click here for additional coverage from Pensions & Investments.