By Simon Jessop
LONDON (Reuters) - BlackRock (N:BLK), 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.