Regulators should implement a "classification system" to distinguish between exchange-traded funds (ETFs) and other exchange-traded products (ETPs) rather than focusing on "misplaced" fears over liquidity and counterparty risks, an industry body has claimed.
The European Fund and Asset Management Association (EFAMA) said investors require "a clearer distinction" between ETFs - which, in Europe, it says, are "essentially UCITS-licensed products" - and other...
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