Brewin Dolphin snubs 'toxic' ETF claims

Gutteridge, director of funds research at the investment management firm, said headlines claiming ETFs pose a genuine systemic risk are probably painting ETFs in a much worse light than was intended by the FSB. The FSB published its Potential financial stability issues arising from recent trends in ETFs last week. The paper highlighted concerns over the use of synthetic replication and securities lending, as well as the development of ETFs tracking fixed income, emerging markets and commodities. Gutteridge said long only equity and bond ETF strategies carry "very little investment ris...