Exchange Traded Funds

Passive funds gain momentum amid slow growth in challenging markets. Plus: Fidelity escalates price war; asset managers’ foray into ETF market fuels M&A; Mifid II delivers mixed results; and why second-guessing market volatility can be costly for investors

In spite of a recent stutter, most predict further healthy inflows into the sector

Competition among asset managers raises the spectre of ‘negative fees’

Scarcity of targets in the sector is pushing up valuations

Regional providers predict strong growth from a low base

Impact of new directive is limited but growing

Second-guessing the volatility of markets can be costly