Asset managers lure insurers with new exchange-traded funds

Stock market

Asset managers are refining their exchange-traded fund (ETF) products in a bid to attract insurers seeking to invest in a wider range of credit securities. Earlier this month Pimco released an actively managed ETF investing in covered bonds to appeal to insurers looking for easy access to an asset class that receives favourable treatment under Solvency II. This follows BlackRock's launch of iSharesBonds in 2013, a range of term maturity ETFs targeted at insurers that want to move out of tradi

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