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, followed by the iShares Eurostoxx