On-line platforms seen as foremost driver of ETF demand within the subsequent three years
Amongst respondents from america, 96% predicted important demand for ETFs to develop on on-line platforms within the subsequent three years, and solely 4% foresaw average demand.
In Europe, 76% of these polled stated there could be important ETF demand on on-line platforms, whereas 24% projected solely average demand. That is according to personal financial institution demand, which respondents additionally noticed as a key improvement space for ETFs in Europe.
Seven tenths (69%) of Asia and Oceania- primarily based respondents forecast important ETF demand amongst on-line platform customers, whereas 23% foresaw average demand. The remaining (8%) stated there would solely be negligible demand for ETFs on on-line platforms.
Canadian respondents have been second solely to the U.S., with 93% projecting important demand and seven% forecasting average demand to shift to ETFs on digital platforms.
In an interview with ETF Stream, international ETF chief at PwC, Marie Coady, stated, “The difficulties of participating with advisers face-to-face through the pandemic have inspired extra traders to change to robo-advice and on-line platforms. The growing digitisation of ETF distribution can decrease prices, enhance accessibility and entice new traders.”