In its Global ETP Landscape 2014 Year in Review, BlackRock says it sees the exchange-traded products market doubling to $6 trillion in assets over the next five years.
The firm pegged the total ETP market globally at $2.7 trillion through November. By 2019, it forecasts the total market will be $5.98 trillion as "new users and new uses" will include "an expanding retail segment in Europe and greater utilization of fixed-income ETPs by banks and insurance companies."
Between 2009 and the end of November, global ETP assets grew 138%, or 9.1% annually.
