“We now expect the global ETF market to grow by 10 to 15% in 2011,” Kevin Feldman, responsible for ETF market analyses at BlackRock told Reuters in an interview. The world’s biggest ETF player previously expected total assets in this sector to grow by 20 to 30%.“Our previous forecast from January was based on the average growth rate of the past five years,” Mr. Feldman said. “At the beginning of this year, it wasn’t clear for example, how big the euro zone crisis would be and how that would affect equity markets.”"World stocks as measured by MSCI are down nearly 7% year-to-date.At the end of October, assets under management of the global ETF market stood at US$1.39-trillion, up 6% from the end of 2010.Most inflows into ETFs usually take place in the last months of the year, partly because institutional investors increasingly swap equity positions with ETFs to participate in the development of the broader market, Mr. Feldman said."http://business.financialpost.com/2011/11/09/blackrock-cuts-...------------------Global Gains Home Fool
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