FTFM It has taken a while, but exchange traded funds seem to be catching on in Europe.
Lyxor, a subsidiary of Société Générale and one of the largest providers of ETFs in Europe with €22bn (£15bn, $32bn) under management, enjoyed a 62 per cent increase in trading in its ETFs from July to August. Trading in the Lyxor ETF DJ Euro Stoxx 50, Europe's biggest in terms of assets under management, jumped 105 per cent in the same month.
