In this issue

A raft of challenges made 2011 the toughest year yet for providers

Growing pains for industry in a hurry

A raft of challenges made 2011 the toughest year yet for providers

Europe in good position to play catch-up with US

RDR should spur ETF growth in UK, but change will be slower elsewhere

Larry Fink

War of words mars year of contrasting fortunes

Winners and losers in a year of opacity and almost zero growth

Regulation: Debate has some way to go

Regulatory focus on ETFs has been beneficial to the industry, observers say

gold bars

Roles include buying gold and reducing risk

2011 was a year of two halves as investors switched from equities

Man napping on a beach

Institutions warm to leveraged and inverse funds

Interest among institutional investors is growing for leveraged and inverse ETFs

Funds seek broader choice

Some providers want tailor-made indices or are developing their own inhouse