Barclays Global Investors, the fund manager owned by the UK's Barclays Bank, reaffirmed its dominance of the exchange-traded funds business last year, retaining a near monopoly in new sales, according to a survey by the US's Investment Company Institute.

Reuters reports that a survey by the institute, a national association of American mutual funds, shows that Barclays Global accounted for $40bn (€33.7bn) or 83%, of $48bn in global exchange-traded fund flows for the first 11 months of last year.