BMO Exits the European ETF Business

The video discusses the exit of BMO Asset Management and IMC from the European ETF market due to competitive pressures and the need for scale. It highlights the aggressive fee cuts by major players like Vanguard and iShares, and the challenges smaller firms face in scaling up. The discussion also covers the importance of product closures and launches as indicators of market health, and compares trading practices in Europe and the US, noting the aggressive nature of over-the-counter trading in Europe.

What impact do aggressive fee cuts by firms like Vanguard and iShares have on the market?

What does the speaker suggest about the health of the market despite the closure of some products?