| As banks have become less willing to act as shock absorbers in global bond markets, exchange-traded funds have become an important contributor to systemic stability, according to the global head of Blackrock's giant iShares business.
The claim by Mark Wiedman, who was recently in Australia to visit clients, comes amid increased chatter in the investment management community that the rise in popularity of the listed benchmark-tracking vehicles is exacerbating moments of extreme volatility in financial asset prices. Some have gone as far as claiming ETFs played an active role in inflating this year's bubble in Chinese mainland stocks...............................................Full Article: Source
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