BlackRock's Deborah Fuhr has called for greater scrutiny of the different exchange-traded products coming to market, following a number of regulator warnings.
Over the last two weeks, the Financial Stability Board, the International Monetary Fund and the Board of International Settlements have all warned of the increasing complexity of ETPs and the speed of new products being issued. The reports highlight swap-based funds, the use of securities lending, and potential liquidity risks. Fuhr, Blackrock's global head of ETF research and implementation strategy, said: "A greater concern for me is the practice of many to call products that are not funds, ETFs." She said the growing array of notes, partnerships, grantor trusts and commodity poo...
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