Larry Fink wrong, leveraged ETFs are 'sound': Pro

Larry Fink Interview Pic

BlackRock CEO Larry Fink was wrong when he slammed leveraged exchange-traded funds, Luciano Siracusano, chief investment strategist at Wisdom Tree Investments, told CNBC Thursday. In fact, he believes they can be very useful when used properly.

C Suisse Agrees to Sell ETF Business to BlackRock

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Credit Suisse has announced that it has signed an agreement to sell its exchange traded funds (ETF) business to BlackRock, Inc. (BlackRock). This is an important strategic step in an industry that requires significant scale, and allows Credit Suisse to realize value in a business successfully built over many years.