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Fund Managers Join Rush To Launch European ETF Products
FYI: (Click On Article Title At Top Of Google Search)
Active fund managers in the UK are rushing to bring out exchange traded funds in spite of their longstanding hostility to the passive investment strategies they represent.
JPMorgan Asset Management, an active fund manager, recently announced the launch of its first-ever European-listed ETFs, in a bid to gain ground in the $734bn European ETF industry. Fidelity International, a predominantly active fund business in the UK, last month added two new ETFs focused on high-quality income equities to those it launched in April. Franklin Templeton — an avowed active fund manager — brought out its first UK-listed ETFs in September, marketed as a low-cost way to track quality and income-generating stocks.
