Two fund managers behind the surge in ETF options
Counterparty Radar: New data shows notional for the instrument rivals that of equity index options
Options on exchange-traded funds are becoming a core tool for US mutual funds and ETFs, with notionals being almost on par with those of equity index options.
The shift is being driven by a duo of specialist issuers. Innovator Capital Management – which recently agreed to be acquired by Goldman Sachs Asset Management – and First Trust together account for roughly two-thirds of ETF options notional
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