Asian institutions are shunning fixed-income ETFs due to low liquidity and lack of product choice, hampering industry growth. Recent market volatility has exacerbated the situation.
Tag : ishares
Having won regulatory approval on Friday, the US asset manager will be the first to list a dim-sum bond ETF in Hong Kong.
The Philippines is set to finalise rules for locally listed exchange-traded funds soon, and industry players are hoping for domestic and foreign investor buy-in.
BlackRock's exchange-traded funds arm has transferred an executive from London as an interim replacement for the departing regional chief operating officer.
The question remains, however, as to whether Joseph Ho will stay with BlackRock once it acquires Credit Suisse’s ETF business.
Taking its cue from greater on-exchange activity in A-share ETFs, the bank has invested in a new market-making system for providing on-screen quotes to the retail segment.
The firm is moving from dividing client-facing teams by product to creating a new retail team covering iShares, mutual funds and alternative products.
The firm says it wants the flexibility of the RQFII scheme to be adopted in order to create a level playing field between Chinese, Hong Kong and foreign ETF operators.
The combination of anaemic ETF trading volumes and rising funding costs means market-makers need to find a niche to survive in Asia’s heavily brokered markets.
BlackRock’s exchange-traded funds arm is putting a new sales-support function in place, but has no plans to launch an RQFII ETF investing in A-shares.
Exchange-traded products have seen strong inflows at opposite ends of the debt spectrum. Also, BlackRock addresses accusations that ETPs are not as cheap as billed.
iShares takes the most net new money into its Asia-Pacific ex-Japan-listed exchange-traded funds in the first quarter, at the expense of firms such as Polaris and State Street Global Advisors.
