An executive at State Street Global Advisors, the manager behind the SPDR exchange traded funds, believes ETFs are gaining greater acceptance among European asset managers despite increased regulatory scrutiny.
Scott Ebner, global head of ETF product development at SPDR ETFs, said ETF usage is “deepening and broadening” as asset managers gain exposure to the various segments of the global financial markets, reports Chris Flood for the Financial Times.
Ebner also highlighted ETFs still saw robust inflows while traditional mutual funds have been bleeding out.
Europe has been focused on the dangers of “synthetic” ETFs, or derivatives-based funds, especially after the UBS scandal and increased concerns over leveraged ETF products during the summer. [A Closer Look at the UBS Rogue Trader and ETFs]