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UK lacks appeal as ETF home

Despite the removal of stamp duty, providers and investors are not tempted by products with a British domicile

Brexit worries: the risk of Britain leaving the EU has put investors off UK-domiciled ETFs
Brexit worries: the risk of Britain leaving the EU has put investors off UK-domiciled ETFs

When the UK Treasury removed stamp duty on UK-domiciled exchange-traded funds in April 2014, it hoped to encourage providers to register their products locally.

However, nearly 18 months later, only one - China Construction Bank International - has taken up the government's offer while other ETF firms and investors have blamed fears of a possible British exit from the European Union for their reluctance.

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