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The Growth of Global ETFs and Regulatory Challenges by Reena Aggarwal; Laura Schofield is a book available to read on EtoBox.

What is The Growth of Global ETFs and Regulatory Challenges about?

Purpose À Exchange traded funds (ETFs) are one of the most innovative financial products listed on exchanges. As reflected by the size of the market, they have become popular among both retail and institutional investors. The original ETFs were simple and easy to understand; however, recent products, such as leveraged, inverse, and synthetic ETFs, are more complex and have additional dimensions of risk. The additional risks, complexity, and reduced transparency have resulted in heightened attention by regulators. This chapter aims to increase understanding of how ETFs function in the market and can potentially impact financial stability and market volatility. Design/methodology/approach À We discuss the evolution of ETFs, growing regulatory concerns, and the various responses to these concerns. Findings À We find that concerns related to systemic risk and excess volatility, suitability for retail investors, lack of transparency and liquidity, securities lending and counterparty exposure are being addressed by both market participants and policy makers. There has been a shift

Author

Reena Aggarwal; Laura Schofield

Publisher

Emerald Group Publishing Limited

Published

2013

Language

EN