Financial Times FT.com

Investors fuel the drive for innovation

By Baptiste Aboulian

Published: November 3 2008 02:00 | Last updated: November 3 2008 02:00

Stock markets are in freefall, mutual funds face an investor exodus and investment banking products are plagued with mistrust - but exchange traded funds are growing.

Net sales reached $43.6bn (£26.7bn, €33.7bn) during the first eight months of the year - a figure the asset management community is certain to be envious of.

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