iShares Chief Says More ETFs to Come
March 31st at 1:01pm by Tom Lydon
Barclays Global Investors chief executive Lee Kranefuss says more exchange traded funds (ETFs) are on the way. John Kimelman of Barron’s reports BGI is the largest provider of ETFs with $256 billion in assets under management in 128 funds. Kranefuss declares that any ETF ever brought to the market by BGI has been based on investor demand – even the narrowest slice of the market is driven by institutional demand. ETFs are very powerful because they can go deeper and deeper into sophisticated strategies. ETF classes that BGI would like to offer include fundamental indexes such as currency, commodities, fixed-income and real estate. However, BGI wants to find the best structure to offer them.
