The exchange traded fund (ETF) industry in Europe isn’t the same as it is here, but that could soon be changing, according to forecasts.

In the United Kingdom, use of ETFs by individual investors could seen equal that of institutional users in the next two to five years, according to Deutsche Bank. [The Best and the Worst for July.]

Cara Water for Financial Times Advisor reports that Christos Costandinides, ETF strategist for Deutsche Bank, said he expected ETFs to increase in popularity with retail investors. Right now, the market overseas is heavily skewed toward large institutions.

The increased demand for ETFs is likely to be driven by more integrated legislation at a European level, more depth to the market and a move to more individual involvement in managing money. And ETFs are just the tool for smaller investors to take charge of their portfolios. [U.K. Sees Second Quarter Growth.]

For more stories about Europe, visit our Europe category.

Tisha Guerrero contributed to this article.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.