A BlackRock Bond ETF Heralds New World Order in Emerging Markets
- Assets of the iShares ETF increased to $6.5 billion in May
- 94% of emerging-market bond managers trailed their benchmarks
What Is an ETF?
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It’s official: exchange-traded funds now stand atop the developing world.
Last month, assets of BlackRock Inc.’s flagship ETF for emerging-market debt surged to $6.5 billion, eclipsing the largest mutual fund in the category. For the first time, ETFs are the most-popular options for both bonds and stocks from developing nations.