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Exchange traded funds (ETFs) will pay a prominent role in the growth of professionally managed financial investments, which are predicted to grow at 6% per annum to reach USD5 trillion by 2020, according to a new report by PwC.
ETF 2020: Preparing for a New Horizon, PwC's recently launched report, surveyed executives from 60 ETF sponsors, asset managers and service providers around the world and revealed more than three out of four executives expect ETF assets to double to reach at least USD5 trillion by 2020. Some 59% of ETF sponsors expect their business to become more profitable in 2015.
Institutional investors are widely expected to be the primary global growth driver with insurance companies, pension...