Pension funds and other large institutional investors are to ramp up their allocation to exchange-traded products over the coming year, with the size of the ETF sector predicted to double in the next five years, according to a survey by one of the industry’s champions.

Source, one of the largest providers of ETFs in Europe, said an online poll of 55 institutional investors conducted in June found that 33% expected to increase their allocation to ETPs, with 7% looking to increase this portion of their portfolio "significantly".