Coverage expanded to include Austria and Switzerland.
As the fee-based advisory model continues to increase in popularity across the globe, we are seeing the growth of ETF managed portfolios expand worldwide. Morningstar has continued to cover this area of growth and released its second European ETF managed portfolios landscape report.
This report builds upon the original analysis of the landscape in Germany, while also expanding coverage to include Austria and Switzerland. The Morningstar database currently contains 107 ETF managed portfolios available for sale in these three countries, nearly all of which are UCITS. These portfolios are managed by 41 different firms and collectively had assets under management of €8.4 billion as of 31 December 2013.