Hi Mr. Tan,
I came across your blog on ETF ..
http://tankinlian.blogspot.com/2008/07/invest-in-indexed-fund.html
Given many global banks are currently in stress, can you advice what happen will
happen to Lyxor or STI ETF (value) if in the worst scenario, their parent company like StateStreet or Barclay go under?
John
REPLY
If the fund manager goes under, I believe that it is easy for another fund manager to be appointed to take over their work. The assets are held by trustees in separate accounts. They should not be adversely affected.
This is my guess but I am not a legal expert on such matters.
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