BlackRock/iShares has been vocal in its recommendations for the ETP market over the past few weeks. First it called for greater transparency and consistent regulation across the global ETF market, then it turned its focus to the European market, launching a due diligence campaign which it hopes to discuss with regulators. Finally, it told a US Senate meeting that certain ETFs should be renamed.
In discussions iShares has said that as the market leader it feels it is ideally placed to make these calls. It seems to have taken it upon itself to be a market voice. In Europe this is needed in what can otherwise be a market of mixed messages, particularly as physical versus synthetic battle rages and each provider separately states its own message to the market. Lyxor recently decided to make its own commitments to investors to make it clear to them what it offers after much fuss over ETF structures this year. This was not designed to be a message to the broader market, howev...
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