Institutional investors have long used exchange-traded funds as a stopgap — equitizing cash or maintaining market exposure while shifting assets between managers.Increasingly, ETFs are doing more than that. Across pensions and endowments, they are being used to replace in-house indexing teams, counterbalance active managers, and provide access to markets that once required dedicated mandates or complex operational setups.
Continue Reading
Sign up for FREE to read the full article and access 132K+ alternative investment headlines.
