Amundi, BlackRock, Fidelity International, First Trust, Franklin Templeton, HSBC Asset Management, JP Morgan Asset Management, Legal & General Investment Management, Lyxor, Vanguard and XTrackers have submitted their ETFs for inclusion, selecting the most relevant sectors for their funds.

The addition of over 530 ETFs will increase the number of funds classified in the 52 IA sectors to over 4,100 funds.

Due to the addition of the ETFs, the IA’s Global Bonds sector will be replaced by 14 new bond sectors from Monday.

The Specialist and Global sectors will welcome the largest number of ETFs, with 79 and 71 ETFs joining each, respectively. 

Investment platform AJ Bell welcomed the addition of the ETFs and said it marks another step for ETFS into the mainstream.

Laith Khalaf, financial analyst at AJ Bell, said: "The inclusion of ETFs in the Investment Association sectors may sound like an arcane technical development, but it marks another step into the mainstream for ETF investing in the UK. It will bump up the visibility and comparability of ETFs, and provide a further competitive challenge to active funds and index trackers.

"While there are definitely some weird and wacky options in the ETF space, the most popular options with DIY investors show they are predominantly using ETFs to gain exposure to major markets, just as they would an index tracker fund. As ETFs rise in profile, more investors will likely join the growing throng of converts, and their inclusion in the Investment Association sectors will only serve to accelerate that trend."