To read the case please click below. In the latest ETF Business Review, FPR took position in favor of iShares, as we believe many of the studies cited in the document below come from questionable sources. Further, share lending has made US markets more liquid and competitive; further share lending is helping ETF firms provide innovation in the indexing space and lower costs to record-low single digits. Eventual regulations can come up with a clear number that is required for share lending; however, the enforcing of this will be impossible and too costly.

laborers_local_265_v_ishares.pdf |