ETFs are the market, says BlackRock (BLK) in an open letter responding to events of the past...

|By:, SA News Editor

ETFs are the market, says BlackRock (BLK) in an open letter responding to events of the past month which saw some ETFs trade at wide discounts to NAV. "ETFs are increasingly becoming the place where investors of all sizes can see the market price for a given investment exposure, and act ... the ETF price can become the true price for that market." WisdomTree (WETF) issued a similar response last week.