NEW YORK--(EON: Enhanced Online News)--Kroll Bond Rating Agency (KBRA) has released a new research report entitled “ETFs & the Pursuit of Liquidity”. The report makes the following key points:
- Over the past 15 years, growth in exchange traded funds (ETFs) products has been explosive. Investment managers perceive ETFs to be an efficient means to gain exposure quickly for defensive purposes or aggressive and opportunistic reasons.
- What has become a larger selling point for ETFs is the perceived liquidity advantage this structure holds over traditional bond mutual fund structures.
- But that liquidity is not free. There is always a cost. The question is whether the investor recognizes that cost.
To read the full report, please click here.
About Kroll Bond Rating Agency
KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).