March 17, 2020 / 11:33 AM / in 20 days

BlackRock says European ETF trading 'orderly' over last week

LONDON, March 17 (Reuters) - BlackRock, the world's biggest asset manager, on Tuesday defended the performance of exchange-traded funds (ETFs) over the last week, as fears around the impact of coronavirus on economic growth hit markets.

ETF trading in the region had remained "orderly", it said in a statement, adding that European trading volumes hit a record $120 billion last week.

While differences had opened up between some bond ETF prices and the value of their constituent bonds, this did not reflect a problem with the structure of the funds, the asset manager said. (Reporting by Simon Jessop, Editing by Abhinav Ramnarayan)

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