Edhec-Risk
Features
Indices & Benchmarks - May 05, 2014

The EDHEC European ETF Survey 2013

The latest edition of the European ETF Survey has been conducted as part of the Amundi ETF & Indexing "Core-Satellite and ETF Investment" research chair at EDHEC-Risk Institute. This chair analyses the developments in the use of exchange-traded funds as part of the asset allocation process and looks at advanced forms of risk budgeting within the framework of a core-satellite approach.

With the survey, we aim to analyse the current practices and perceptions among ETF users in Europe and by comparing our results with those of our previous surveys, we intend to shed light on trends within the European ETF market.

This year, the survey results show that ETF investors are still looking to increase or at least to maintain their use of ETFs and have a more favourable outlook on their use of alternative indexing products. The data also shows that respondents are still overwhelmingly in favour of passive ETFs.

The survey further reveals considerable interest in “smart beta” products: around 30% of respondents already use products tracking smart beta indices and more than one third of respondents are considering investing in such products in the near future. Moreover, ETFs based on smart beta indices benefit from a favourable perception as tools for improving their investment process (to outperform cap-weighted indices, to reduce risk, to gain more transparency on methodology and for risk analytics diversification). In total, 39% of investors are interested in further development in ETFs based on smart beta indices.

This research was produced as part of the "Core-Satellite and ETF Investment" research chair at EDHEC-Risk Institute, in partnership with Amundi ETF & Indexing.


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