BlackRock Says ETFs Help Improve Bond Market Liquidity
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BlackRock Inc., the world’s biggest provider of exchange-traded funds, said bond market liquidity won’t return to levels seen before the 2008 financial crisis, and it’s time to move from complaining about poor trading volumes to creating solutions.
Among tools proposed Friday in a paper by New York-based BlackRock: fixed-income ETFs, blamed by some in the industry for creating an illusion of liquidity when the underlying assets may be hard to sell.