Recent research carried out for Lyxor Asset Management suggests that 78 per cent of fund managers expect the value of assets invested in European exchange-traded funds and products to increase over the next three years.

And 56 per cent of them expect assets to grow by over 10 per cent, with 20 per cent expecting over 30 per cent growth. Around 8 per cent expect the size of the market to fall, however.

Equity-based European listed ETPs are thought likely to see the biggest increase in assets under management over the next three years, followed by the commodity and fixed income areas.

Lyxor, owned by French giant Societe Generale, estimates that the size of the market is around €241 billion ($295 billion).

The research was carried out in April 2012; 131 fund managers based in the UK and Ireland were interviewed.