Economic Situation & strategy
May 14, 2021

Dangerous decline of competitive intensity - Are ETFs partly to blame?

Exchange traded funds (ETFs) and their providers have come under increasing scrutiny in recent years and are viewed as a serious systemic threat by some observers. In this issue of Economic Situation and Strategy, we also want to take a critical look at ETFs - but for a reason that has received rather little attention so far: The impact of ETFs on corporate governance and ultimately on the competitive intensity.