UK investors swap FTSE 100 ETFs for emerging markets

UK investors are seeking emerging markets exposure

Investors in the UK withdrew more than $400 million equivalent from exchange-traded funds (ETFs) based on the FTSE 100 index in the first quarter of 2010, switching to ETFs based on the iShares MSCI Emerging Markets, S&P 500 and Eurostoxx 50 indexes, according to BlackRock’s first UK Industry Review.The leading ETF on the London Stock Exchange (LSE) at the end of the first quarter was the iShares S&P 500, which has assets under management (AUM) of $7.25 billion, f