The UK and European ETF industry has been a “tremendous success story”, the chief executive of Koris International has said.
Jean-René Giraud, whose company runs ETF analysis platform TrackInsight, was speaking to mark the fifteenth anniversary of the funds.
He said: “On 28 April 2000, the first exchange-traded fund replicating FTSE’s flagship index, the FTSE 100, was listed on the London Stock Exchange.
“Fifteen years and half a trillion dollars later, the European ETF industry has been a tremendous success story with new, innovative products in constant development.”
In March Koris International signed a partnership agreement with the FTSE Group to include its index data within TrackInsight.
The FTSE and Koris are also collaborating on a number of pan-European initiatives to help educate institutional investors on the various qualitative and quantitative dimensions of European ETFs.
Gary Bond, managing director of West Midlands-based Broughtons Chartered Financial Planners, said: “The obvious reason ETFs have been so successful is the cost – and you are bringing risk down as well.”