Smaller Asian bond investors overlooked by banks are increasingly turning to exchange-traded funds to get exposure to fixed income, according to BlackRock Inc., the world’s largest money manager.
“Banks are using their balance sheet for bigger institutions,” said Sean Cunningham, head of capital markets and fixed income for iShares and index investing in Asia-Pacific at BlackRock, whose assets under management total $5.7 trillion as of June 30. “Smaller investors, including private
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