A regime change is threatening to topple futures from their perch as the go-to instrument for institutional investors seeking long exposure to equity indexes. Higher costs, largely driven by regulatory constraints on banks' equity derivatives desks, have seen an increasing number of investors seek exposure using exchange-traded funds (ETFs).
Until now, the debate has been dominated by aggressive pitches from ETF providers keen to tout their wares as more cost-efficient. But the evidence is start
The week on Risk.net, July 7-13, 2018Receive this by email