No
Costa Vayenas
Head of Emerging Markets Research at UBS Wealth Management

Imagine if, in 2006, you were asked to describe how emerging market asset prices would react under the following stress test: the global economy finds itself in the fourth year of a financial crisis that has drawn analogies with the 1930s; the United States has lost its AAA rating; the European Union is receiving assistance from the IMF. The problem has become so big that some investors are asking is: Who will bail out the IMF?

Physical

Nick Good

Managing director, head of iShares, Asia-Pacific

Amid all the recent attention on exchange traded funds (ETFs), the clearest voices have been those calling for increased simplicity and transparency, along with improved risk protection for investors. While certain types of synthetic ETFs should heed these calls, simplicity and transparency are already defining features of physical ETFs.