GLOBAL - Barclays Global Investors (BGI) has reported record inflows into its iShares exchange trade...
GLOBAL - Barclays Global Investors (BGI) has reported record inflows into its iShares exchange traded fund (ETF) platform during 2008 but warned investors were concerned with greater transparency over 2009.
The company said end of year inflows in Europe totalled €17.8bn (US$bn), compared to 5.8bn in 2007, an increase of over 300%. Globally, the company said it had $89bn of new inflows over the year, compared to $70bn in 2007.
iShares said investor sentiment had shifted, with particular emphasis on counterparty risk and a strong desire for liquidity and transparency.
Rory Tobin, CEO of iShares Europe, said: "The challenging market conditions of 2008 have raised some key issues in the minds of investors, specifically: transparency, counterparty risk, product structure and liquidity.
"iShares believes that transparency will continue to be a critical issue for investors, across four key dimensions: transparency of cost, transparency of holdings, transparency of price and transparency of product structure. We will continue to emphasise this theme in our communication with clients as part of our commitment to educate the market on the benefits of investing in ETFs."
ETF Securities (ETFS) said it saw strong demand for exchange traded commodities (ETCs) at the end of 2008, with some $850m of new inflows since the start of November.
ETFS said long oil products, buoyed by low crude prices, and physically backed gold ETCs had experienced the strongest demand, accounting for 50% and 35% of inflows respectively.
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