ETFs take centre stage

Whoever is still working to the old adage ‘sell in May and go away' has missed out on quite a bit this month. Not only has the fate of iShares been resolved, with BlackRock chosen as the buyer of Barclays Global Investors as a whole, but Pimco, one of the biggest active fixed-income asset managers in the world has joined the ETF space. That two traditionally active asset managers such as BlackRock and Pimco are moving into ETFs is a sign of confidence in the industry. ETFs also received a boost this month from the UK Financial Services Authority, which, in its review of the provision of ...