The firm has applied for permission to launch 13 exchange-traded-fund share classes, but significant movement is not anticipated in the immediate future, experts say.
Institutions are backing exchange-traded funds as anchor investors, but they may have to sacrifice some control to reap the benefits.
While not a driver of growth in exchange-traded funds, institutional investors have found new use cases for the investment vehicles.
The world’s largest endowment also bought 1 million shares of Amazon, despite cutting back sharply on Alphabet, Meta and Microsoft.
The firms’ offerings made up 85% of all crypto AUM, while separate research found 75% of investors expect cryptocurrency to soon become part of institutional allocations.
The appointment comes just as the firm prepares to launch its first ETF on the Australian Securities Exchange.
The exchange-traded fund tracks the performance of the J.P. Morgan Saudi Arabia Aggregate Index.
