ETFs promoted as liquidity tool
Companies producing exchange traded fund (ETF) products are now promoting them as a 'go to' liquidity source in volatile markets.
BlackRock exchange traded funds business, iShares, has pointed to a 300 per cent increase in trading volumes as demonstrating the attraction of ETFs as a liquidity source during times of market uncertainty.
iShares managing director, Mark Oliver, said increase in ETF trading at such times stood as testimony to their structure and robustness.
"Investors clearly understand the benefit of being able to move in and out of positions effectively using ETFs," he claimed.
Recommended for you
The financial services technology firm has officially launched its digital advice and education solution for superannuation funds and other industry players.
The ETF provider has flagged a number of developments as it formally enters the superannuation space through a major acquisition.
While all MySuper products successfully passed the latest performance test, trustee-directed products encountered difficulties.
Iress has appointed Insignia Financial’s former general manager of master trust and insurance products as its newest CEO of superannuation, who will take over from Paul Giles.