BlackRock CEO says leveraged ETFs could 'blow up' whole industry
BlackRock Chief Executive Larry Fink said on Wednesday that leveraged exchange-traded funds contain structural problems that could 'blow up' the whole industry one day.
Fink runs a company that oversees more than $4 trillion in client assets, including nearly $1 trillion in ETF assets.
Read More Blackrock's Fink says letter to CEOs triggered angry phone calls
'We'd never do one (a leveraged ETF),' Fink said at Deutsche Bank investment conference in New York. 'They have a structural problem that could blow up the whole industry one day.'
-By Reuters
Post a Comment for "BlackRock CEO says leveraged ETFs could 'blow up' whole industry"