Exchange traded funds (ETFs) are taking off in some far-flung places.

Pension funds in Scandinavia are among the top investors in ETFs, Deutsche Bank says. Large pension funds in the region have been seen investing medium-term asset allocations in a number of Deustche Bank, particularly in emerging markets. The popularity of incorporating ETFs into the plans is attributed to open-mindedness toward new products within pensions.

Heather Dale for Global Pensions reports that db x-trackers UK has listed in five major European markets in 2007 and launched 49 products, taking in $11.1 billion USD in assets. It has plans to launch 40 more over the next month.

Manooj Mistry, the head of db-trackers, points out that when it comes to ETFs, investors are given the ability to invest in areas such as emerging markets, commodities or infrastructure – sectors that previously weren’t easily accessible.

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