In 2017, global assets invested in ETFs continued to reach new records, surpassing $4 trillion. Whilst the US remains the largest ETF market (with assets totaling $3.25 trillion) the 40% rate of growth in Europe outstripped US growth of 34%.1  This is the first time this has occurred.

The year was marked by continued fee compression, a continued shift from active to passive management, focus on digital distribution and use of robo-advisors, increasing interest by regulators, and the entry of several new sponsors into the ETF market. Brown Brothers Harriman continues to monitor these evolving trends and investors’ reaction t