It's just wishful thinking as always, we already have plenty of non-exchange traded funds. People suck up the "200M within a year" figure as if the fund manager had any say in how demand will look like, or actually was a credible and non-biased authority. We already have a great barometer of this demand, and it's this thread. Try explaining that to those who need it to be true though.

edit: Oops, I only now noticed you were talking about ETFs, and not non-exchange traded funds. Still, lots of wishful thinking I've observed with regard to this GABI fund.