The ETF industry has experienced significant growth since its inception in 1993.
Four in 10 (41%) of the 60 firms around the world surveyed for the ‘PwC ETFs: A roadmap to growth’ report predict that global ETF AUM will reach at least $7trn by 2021.
Growth is expected to be strongest in Europe, but North America will still dominate in terms of total AUM.
A number of new firms; including traditional asset managements, insurance companies and banks, launched ETFs in 2015, something that PwC expects to continue in 2016 and beyond.
There was also an uptick in M&A activity in the ETF space last year as firms sought to acquire assets, talent, and distribution capabilities.
Click through the images above to read highlights of the report.