Insurers discover ETFs
Seeking Alpha
Published Nov 18, 2016 12:52PM ET
Insurers discover ETFs
- Insurers are late converts to the ETF craze, and JPMorgan (NYSE:JPM)'s Mark Snyder, noting the insurance industry's $200B in cash and $80B in equities, figures a modest reallocation could send $25B-$50B into exchange-traded products.
- The head of BlackRock's (NYSE:BLK) iShares fixed-income and insurance sales, Josh Penzner says insurers are slow to change, but are "really looking" at their investment processes and how to evolve.
- The move could be yet another blow to the asset management industry which already is losing sizable market share to ETFs.
- Also of interest to: Och-Ziff (NYSE:OZM), Invesco (IVZ -0.5%), AllianceBernstein (NYSE:AB)
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