BlackRock: More reforms needed for ETFs, beyond just transparency
Statement is beginning of "a series of recommendations" from BlackRock on ETF market, says iShares head of sales
BlackRock, owner of exchange-traded fund (ETF) provider iShares, is calling for greater transparency and consistent regulation in the ETF market.
While it recognises the benefits the growth of the ETF market has offered to investors - including increased transparency and disclosure - it says "increasingly complex ETFs and related products have sometimes failed to maintain that standard and have introduced new risks to these products".
It proposes five reforms for the ETF market: clear labelling
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