Synthetic ETF fears overblown, says Blacklock

Much has been made of the potential problems – and even systemic risk – that exchange-traded funds may pose to the financial markets. Yet such concerns may be overdone, argues Kelvin Blacklock, CIO for global asset allocation at Eastspring Investments, recently rebranded from Prudential Corporation Asia. Singapore-based Blacklock views ETFs as a cheap and efficient way of implementing tactical views and getting market access, although he admits that sometimes it’s not appropriate …