TY - JOUR T1 - Innovations in ETPs: <strong>A Comparative Analysis of the U.S. and European Markets</strong> JF - The Journal of Index Investing SP - 89 LP - 101 DO - 10.3905/jii.2013.4.3.089 VL - 4 IS - 3 AU - N. Kannan AU - Mahendra Rathore AU - Anu Bhayana Y1 - 2013/11/30 UR - https://pm-research.com/content/4/3/89.abstract N2 - In this article, we provide a chronology of the evolution of exchange-traded products (ETPs), from simple beta products that track equity benchmarks to alpha products based on different asset classes operating at the discretion of a fund manager. We discuss the market conditions that led to their introduction and rapid rise in popularity. We compare new product developments witnessed in the U.S. and Europe in all major asset classes including equity, debt, commodities, and currency. We determine the origin of innovations (region wise–the U.S. or Europe) to identify the market leader in various asset classes.TOPICS: Exchange-traded funds and applications, developed, financial crises and financial market history ER -