Global ETF market to almost double by 2020: PwC survey

Singapore

INDUSTRY professionals mostly expect the global exchange traded fund (ETF) market to almost double to about US$5 trillion by 2020, according to a PwC survey.

Asia is expected to contribute significantly to that growth, although poor distribution and a lack of innovation could be hurdles to the region's uptake of ETFs, the consulting firm said.

ETFs around the world currently hold about US$2.6 trillion of assets, PwC said. More than three out of four survey participants, whi…