Structural awareness high on the agenda

  In contrast, ETFs continued to be hailed as simple and transparent vehicles, providing flexibility to move in and out of markets during the day, which proved especially useful through the crisis. Some providers have warned synthetically replicated ETFs entail an element of counterparty risk through the swap exposure, though this is limited to a maximum of 10% under Ucits regulation and most providers reset this swap exposure well below the limit.  However, a debate at the ETF and Indexing Conference in London revealed a degree of confusion in relation to traditionally replicated or ...