BlackRock's venture into synthetic ETFs 'surprising' but 'not hypocritical'

BlackRock's venture into the synthetic exchange traded fund (ETF) market has surprised many who remember the criticism of the structure from the US giant's CEO Larry Fink.

BlackRock's ETF business iShares launched the iShares S&P 500 Swap UCITS ETF in September, a synthetic product designed to track the index of the S&P 500 using a swap-backed replication rather than a physical...