BlackRock Sees Insurers Pouring $300 Billion Into Debt ETFs
- New regulations to make debt funds more appealing to insurers
- Asset manager anticipates movement to ETFs over five years
BlackRock Inc. expects insurance companies could move more than $300 billion into debt exchange-traded funds over the next five years, thanks to a gate that’s been lifted in U.S. regulations.
The change follows a review by the National Association of Insurance Commissioners to tweak accounting guidelines. The New York-based asset manager worked with the group for four years to help modify the standards.