These ETF managed portfolios are also experiencing phenomenal growth rates. The portfolio assets have expanded over 300% from the $14 billion at the end of 2009.
Looking ahead, Miayo believes there are two factors that will continue to drive growth in the area: rising interest among financial advisors for asset allocation strategies that offer diversification at a low cost; and healthy performance as Morningstar data revealed solid returns with low volatility.
For more information on the ETF industry, visit our current affairs category.
Max Chen contributed to this article.