In the second part of an interview, Peter Thompson ( pictured ), president of ETF provider Source, talks about the use of tracker funds as the underlying of structured products, the development of leverage/short and smart beta products, as well as the competitive landscape in the ETF market. Are structured products a complement or a competitor of ETFs? When looking at the UK market, I think you have to say both if you are honest. The retail market is dominated by structured products but we see