Market for Exchange Traded Funds in Europe grew by 27.5 % in 2007
Assets under Management (“AuM”) in Exchange Traded Funds (“ETFs”) in Europe grew by 27.5% to EUR 89.17 billion. The European market in terms of ETFs issued increased by 61% to 429 ETFs with 1,259 exchange listings from 28 issuers. The average daily trading volume almost doubled in 2007 increasing by 91% to EUR 1,061 million per day compared to EUR 556.72 Million per day in 2006.
The complete press release can be downloaded here.