iShares' Cavatoni voices concern about complex ETFs

Sep 20, 2009

The head of iShares' new Asia-Pacific capital markets team echoes warnings from regulators and other asset managers.

iShares, Barclays Global Investors' exchange-traded fund (ETF) unit, has not launched leveraged or inverse ETFs due to worries about whether investors properly understand how they work, says Joseph Cavatoni, managing director of the newly formed iShares Capital Markets unit for Asia-Pacific in Hong Kong.

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