European appetite for ETFs outpaces US

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GLOBAL - Europe has become the biggest for Exchange Traded Funds (ETFs) market by fund numbers, according new data from Morgan Stanley.

At the end of Q2, 2002 there were 238 ETFs worldwide and 308 listings, representing US$120.6bn in assets under management. Since the start of the year, 36 new ETFs had been launched and 23 ETFs had...

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