ETF providers in Europe and the US have responded to BlackRock's call for greater transparency and consistent regulation in the ETF market but opinions are divided.
UK-based ETP provider Source supports BlackRock's stance. Michael John Lytle, managing director at the company says: "Source strongly supports BlackRock's call for codification of the high standards currently being delivered by the ETF community." He adds that "European investors deserve coherent and consistent diclosure that allows them to compare and contrast different investment products - not just ETFs. For example, not all exchange-traded products operate in the highly controlled Ucits regulatory framework that governs all European exchange traded funds. Providing a framework which ...
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