A new forum designed to improved the adviser community’s understanding of ETFs has been established by a group of firms.

BMO Global Asset Management, ETF Securities, Source, and WisdomTree Europe are all behind the project.

The forum’s main goal is to educate intermediaries on how the products can be used as effective investment tools to build or enhance portfolios.

“This coming together of some of the UK’s leading ETP providers is a milestone for the industry,” said Nizam Hamid, head of ETF Strategy at WisdomTree Europe.

“ETFs are becoming increasingly popular but given the huge variety of products available, it is imperative advisers and wealth managers know how they can best use them.

“The ETF Forum will help ensure they have the most up-to-date information about ETFs when deciding where and how to allocate clients’ assets.”

Rob Thorpe, head of UK intermediary at BMO Global Asset Management, added: “ETFs are seeing increasing inflows, however there remains a knowledge gap amongst UK advisers and wealth managers.

“The ETF Forum has been set up to fill that gap and drive an increase in ETP adoption amongst the UK adviser community."