ETFs pose biggest systemic risk, says Bordier’s Goh

Some investors are increasingly worried about the risks posted by exchange-traded funds as the industry grows ever larger, with assets under management globally rising another 20.6% in 2017 to $4.3 trillion as of end-July, according to ETFGI. Bryan Goh, chief investment officer for Singapore at Swiss private bank Bordier, has added his voice to those warning that these products pose a danger to financial markets. “Most investors believe systemic risk stems from leverage," he tol…