BlackRock, Inc. (NYSE:BLK)'s Larry Fink issued a stern warning regarding leveraged ETFs yesterday, saying the investment vehicles have the potential to “blow up.”
Fink asking to shift focus away from assets under management to individual products
“BlackRock, Inc. (NYSE:BLK) would never do a leveraged ETF,” Fink was quoted as saying in a Bloomberg article, asking regulators to shift their focus from the assets under management to the danger and leverage within each product. Blackstone is currently under consideration as a potentially “systemically important financial institution” (SIFI), a designation that...
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