The old saying "markets like to climb a wall of worry" proved spot on in 2017, writes Russ Mould, investment director at AJ Bell.
This year has been another stellar 12 months for the European ETF industry, as more players look to launch products this side of the Atlantic and M&A activity intensified.
Helped by pension freedoms
First day of trading on 15 December
Fund manager poll by the AIC
In a world in which traditional asset returns are arguably becoming more correlated, it's harder to find real alternatives. Diversifiers like property and infrastructure have proven complex and costly in the past. Thankfully, some new ETFs are at hand...