Exchange-traded funds (ETFs) are, with the exception of certain actively-managed products,
designed to track the performance of an index. This concept is easy to understand, but …

In this article, we provide an overview of the global landscape of index-tracking sustainable
funds, looking at trends in asset growth, asset flows, and product development. We focus on …

The report examines the differences in costs between strategic-beta (smart beta) exchange-traded
funds (ETFs) and their more ordinary passive peers. Cost is an important …

In the wake of the global financial crisis, exchange-traded products (ETPs) have faced to
increasing levels of scrutiny. It is understandable that regulators might view such a rapidly …

This chapter analyzes existing environmental, social, and governance (ESG) fixed income
funds available to investors, globally. Actively managed sustainability strategies typically …

… We thank Hortense Bioy and Sara Silano at Morningstar for helpful clarifications. AFW
thanks the University of Zurich Research Priority Program “Financial market regulation” for …