The rise of exchange-traded funds is leading to more complex underlyings and more issuers entering the ETF market. But this also means investors must do more due diligence, says Morningstar.
Central bank buying has boosted the market for strategic-beta exchange-traded products, with Japan the out-and-out regional leader by assets under management, notes Morningstar
Exchange-traded products have seen strong inflows at opposite ends of the debt spectrum. Also, BlackRock addresses accusations that ETPs are not as cheap as billed.
Exchange-traded products listed in Asia ex-Japan suffered a net decline of $558 million last month, in stark contrast to record inflows into emerging market ETPs so far this year.