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Financial advisor: Banks are slowing down spread of cheap ETFs

The expansion of ETFs has been slow in the Nordic retail space, and one explanation for this is that banks are good at putting up fences to make them less attractive to clients, one financial advisor states.

Photo: Spar Nord/PR

The Nordic countries have been slower to adopt ETFs, Danish financial daily Børsen reports, citing German asset manager DWS' head of passive investments in the Nordics Peter Lidblom.

Part part of the explanation could be that banks are good at making them less attractive, according to Hanne Roj-Larsen, who runs a financial advisory service, Frederiksberg Finansrådgivning

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