(Bloomberg) — BlackRock expects insurance companies could move more than $300 billion into debt exchange-traded funds over the next five years, thanks to a gate that's been lifted in U.S. regulations.
The change follows a review by the National Association of Insurance Commissioners to tweak accounting guidelines. The New York-based asset manager worked with the group for four years to help modify the standards.
The new rules are expected to take effect by the start of next year.
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