The Bid

Global ETF inflows continue to break records. Salim Ramji, BlackRock's Global Head of ETFs and Index Investments, breaks down why millions of first-time investors are turning to ETFs and Samara Cohen, BlackRock's Chief Investment Officer of ETFs and Index Investments, explains the changing role of ETFs. 1 Blackrock, Nov 31st '20 - Nov 31st '212 BlackRock “Second Annual iShares Report on Investor Progress – Our Next 100M Investors”, as of December 8, 2021(https://www.ishares.com/us/insights/investor-progress-report)Estimate for new accounts: Financial Times, “Is the army of lockdown traders here to stay?,” Oct. 18, 2021 quoted data provider BrokerChooser estimated that 30 million new accounts were opened in the U.S. during the first 12 months of the pandemic. In the U.K., the Financial Conduct Authority there were 7.1 million new accounts opened between April 2020 and April 2021. In Germany, the number of people who own shares directly or via funds rose by 2.2 million in 2020, according to Deutsches Aktie