BlackRock’s private market ETF ambitions draw scepticism

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Financial Times 2d ago

BlackRock’s private market ETF ambitions draw scepticism - Financial Times

Quick Summary:

In the wake of the deal chief financial officer, Martin Small, said on an investor call that “in the long range . . . we have a great platform in iShares [BlackRock’s ETF arm] to be able to take some of this data, use it and create investable indices through . . . things like exchange traded products”, according to Reuters.

Private assets — equity and debt instruments that are not traded on public exchanges — have boomed in recent years as institutional investors have increasingly sought out their potentially higher returns.

An alternative synthetic approach would be for BlackRock to hold illiquid private assets in a standalone vehicle and then write a swap against that vehicle that could underpin the price of an ETF.