Report zu börsengehandelten Fonds 2011/2012

ETF assets registered total growth of 3.2 percent over 2011. Comparing this to prior year growth rates, often over 30 percent, could provide an unfavorable picture and be perceived as a slowing down of the industry. However, this observation on the surface masks the fall in asset prices over the year, which contributed a decline of 9.3 percent to global ETF assets.