JP Morgan recently predicted ETFs in the US will double within the next five years, reaching $15trn, BBH thinks global ETFs will hit $30trn in a decade, PWC reckons global ETFs will hit $15trn by 2027 and on and on it goes. The truth is none of us have a clue really, hence our headline is a big tongue in cheek.
Although a short week, there was certainly no lack of major ETF news. In Europe, it was impossible to miss the headlines of Amundi’s announcement to acquire Lyxor’s asset management arm – no shocker there. And globally, State Street announced a partnership with Pure Digital to create a digital currency platform.