NewsBite

Fund managers believe exchange traded funds will have a role in the next crisis

Vesna Poljak
Vesna PoljakCompanies editor

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Fund managers who witnessed the 1987 crash believe exchange traded funds will play a role in the next market crisis because they have contributed to inflated valuations on the way up, and will be liquidity constrained on the way down.

Leading sharemarkets are at record highs around the 30th anniversary of Black Monday. The Dow Jones Industrial Average crossed 23,000 points for the first time last week, 54 sessions after breaking through 22,000. It closed at 23,328.63 on Friday.

Loading...
Vesna Poljak is the Companies editor. She was previously the Markets editor with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom. Connect with Vesna on Twitter. Email Vesna at vpoljak@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Markets

Fetching latest articles

Most Viewed In Markets

    Original URL: https://www.afr.com/markets/fund-managers-believe-etfs-will-have-a-role-in-the-next-crisis-20171021-gz5oay