iShares, the exchange-traded funds (ETF) platform of BlackRock, said it has seen an uptick in the amount of iShares assets held on wrap platforms, signaling that ETFs are gaining greater traction with financial advisers after the introduction of the Retail Distribution Review (RDR).
iShares recorded assets of £1.05bn held on nine wrap platforms - 7IM, Ascentric, AXA Wealth Elevate, Fidelity FundsNetwork, Novia, Nucleus, Raymond James, Standard Life and Transact - as of the end of the September 2013, a growth of 23% compared with the end of 2012. A total of 27 platforms offer iShares' ETFs. Corporate bond ETFs were the most popular type of ETF during the third quarter, attracting inflows of £56m. Investment was focused on shorter duration funds such as the iShares £ Corporate Bond 1-5yr UCITS ETF, which provides exposure to sterling denominated corporate bonds ...
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