You are here

US fund veteran makes selling point of ETFs' dirty little secret

Friday, June 23, 2017 - 05:50

BT_20170623_BLACKROCK_2948551.jpg
BlackRock gives between 71.5 and 80 per cent of lending income to its ETFs, depending on the underlying asset class.

New York

BRAD Lamensdorf is an unlikely whistle-blower on the inner workings of exchange-traded funds.

A hedge fund alumnus and now chief executive of a tiny ETF startup, Mr Lamensdorf has long been aware of the sometimes embarrassing secret at the heart of these funds: securities

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom