ETFs are set for take-off in Nordic wealth management

Nordic ETF sales has so far mostly revolved around institutional asset management, but iShares' Nordic chief envisions mass adaptation of exchange traded funds (ETFs) in wealth management. At one of the Nordics' largest wealth managers, the trend points in one direction.

Matti Tammi, head of iShares Nordics expects to see relatively higher growth rates from wealth management and retail in the Nordics compared to asset management and institutional sales. | Photo: PR

Month after month the same story breaks in financial media: ETF industry reached a record. The end of February was no different as ETF World reported that the ETF industry hit USD 5.32tn in assets.

The story will continue to reemerge, according to the world's largest provider of ETFs BlackRock that expects the total asset sum to hit no less than USD 13tn by 2023.

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